Trupanion (NASDAQ:TRUP) Shares Up 5%

Shares of Trupanion, Inc. (NASDAQ:TRUP) were up 5% during trading on Wednesday . The stock traded as high as $23.94 and last traded at $23.89. Approximately 235,837 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 673,810 shares. The stock had previously closed at $22.75.

Analyst Ratings Changes

Several analysts have recently commented on TRUP shares. Evercore ISI lowered their price target on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Piper Sandler lowered their price target on shares of Trupanion from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus increased their price target on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.20.

Trupanion Stock Performance

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 company has a market cap of $1.01 billion, a PE ratio of -22.33 and a beta of 1.71. The stock’s 50 day simple moving average is $25.69 and its two-hundred day simple moving average is $26.84.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.13. The company had revenue of $295.50 million for 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%. Trupanion’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) earnings per share. As a group, research analysts anticipate that Trupanion, Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Trupanion

Hedge funds have recently made changes to their positions in the business. BluePath Capital Management LLC purchased a new position in shares of Trupanion in the 3rd quarter valued at $31,000. Quest Partners LLC purchased a new position in shares of Trupanion in the 4th quarter valued at $67,000. PNC Financial Services Group Inc. raised its stake in shares of Trupanion by 45.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 933 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Trupanion in the 4th quarter valued at $211,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Trupanion in the 3rd quarter valued at $219,000.

Trupanion Company Profile

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.