Trupanion (NASDAQ:TRUP) Reaches New 1-Year High – Still a Buy?

Trupanion, Inc. (NASDAQ:TRUP)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $57.99 and last traded at $57.99, with a volume of 2211 shares trading hands. The stock had previously closed at $56.01.

Analysts Set New Price Targets

Several analysts have issued reports on TRUP shares. Stifel Nicolaus boosted their price objective on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Bank of America boosted their price target on shares of Trupanion from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, September 20th. Piper Sandler raised their price objective on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Northland Securities lifted their price objective on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trupanion currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

Trupanion Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $51.36 and its two-hundred day moving average price is $41.39. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -175.03 and a beta of 1.61.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. During the same period in the prior year, the firm posted ($0.10) EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts anticipate that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity

In other news, EVP Steve Weinrauch sold 11,916 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total transaction of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 9,867 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total transaction of $523,740.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,405 shares of company stock worth $1,512,482. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Trupanion by 4.4% during the third quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock valued at $142,475,000 after purchasing an additional 142,156 shares during the period. FMR LLC increased its holdings in Trupanion by 55,963.7% in the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock valued at $49,213,000 after buying an additional 1,170,202 shares during the period. Marshall Wace LLP raised its stake in shares of Trupanion by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 1,094,589 shares of the financial services provider’s stock valued at $32,181,000 after buying an additional 116,496 shares in the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of Trupanion by 27.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock worth $15,443,000 after acquiring an additional 80,014 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Trupanion during the 2nd quarter valued at about $4,739,000.

About Trupanion

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.