Trupanion (NASDAQ:TRUP) Stock Price Down 4.6%

Trupanion, Inc. (NASDAQ:TRUP) shares fell 4.6% on Thursday . The stock traded as low as $28.29 and last traded at $28.37. 50,205 shares changed hands during trading, a decline of 93% from the average session volume of 710,303 shares. The stock had previously closed at $29.74.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRUP. Piper Sandler reduced their price target on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Canaccord Genuity Group reduced their price target on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $49.00 in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.80.

Trupanion Stock Performance

The firm has a market capitalization of $1.18 billion, a PE ratio of -44.25 and a beta of 1.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.62. The company’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $27.59.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The business had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. During the same period in the prior year, the firm earned ($0.60) earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that Trupanion, Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity at Trupanion

In related news, CEO Darryl Rawlings bought 20,700 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the completion of the purchase, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Emily Dreyer sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total value of $79,187.50. Following the sale, the senior vice president now directly owns 19,830 shares of the company’s stock, valued at $502,492.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darryl Rawlings purchased 20,700 shares of Trupanion stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $24.14 per share, for a total transaction of $499,698.00. Following the completion of the transaction, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at $14,842,285.88. The disclosure for this purchase can be found here. Insiders have sold 5,325 shares of company stock valued at $144,586 over the last three months. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 8 Knots Management LLC grew its position in Trupanion by 87.0% during the first quarter. 8 Knots Management LLC now owns 1,297,485 shares of the financial services provider’s stock valued at $35,824,000 after acquiring an additional 603,775 shares during the last quarter. Bayesian Capital Management LP bought a new position in Trupanion during the first quarter valued at approximately $253,000. Price T Rowe Associates Inc. MD grew its position in Trupanion by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 1,441 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Trupanion by 2.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after acquiring an additional 830 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Trupanion by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after acquiring an additional 32,485 shares during the last quarter.

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.