Trupanion (NASDAQ:TRUP) Shares Gap Down to $26.15

Trupanion, Inc. (NASDAQ:TRUPGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $26.15, but opened at $25.46. Trupanion shares last traded at $25.75, with a volume of 19,823 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Evercore ISI cut their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, Piper Sandler lowered their target price on shares of Trupanion from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.00.

Read Our Latest Stock Report on Trupanion

Trupanion Trading Up 2.2 %

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.12 billion, a P/E ratio of -24.21 and a beta of 1.71. The company’s 50 day simple moving average is $27.60 and its 200-day simple moving average is $27.27.

Trupanion (NASDAQ:TRUPGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.13. The business had revenue of $295.50 million during the quarter, compared to the consensus estimate of $289.84 million. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) earnings per share. As a group, research analysts predict that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trupanion

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in Trupanion by 247.4% during the fourth quarter. Nordea Investment Management AB now owns 37,268 shares of the financial services provider’s stock valued at $1,126,000 after buying an additional 26,540 shares during the period. Liontrust Investment Partners LLP purchased a new position in Trupanion in the third quarter worth $829,000. Wellington Management Group LLP grew its holdings in Trupanion by 5.3% in the third quarter. Wellington Management Group LLP now owns 1,823,530 shares of the financial services provider’s stock worth $51,424,000 after purchasing an additional 91,895 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Trupanion by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 292,941 shares of the financial services provider’s stock worth $8,261,000 after purchasing an additional 14,044 shares during the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Trupanion during the third quarter worth $4,712,000.

Trupanion Company Profile

(Get Free Report)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

Further Reading

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