Trupanion (NASDAQ:TRUP) Hits New 1-Year Low – Here’s Why
by Jessica Moore · The Cerbat GemTrupanion, Inc. (NASDAQ:TRUP – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $21.37 and last traded at $21.9660, with a volume of 19724 shares. The stock had previously closed at $22.08.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on TRUP shares. Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings cut Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Piper Sandler decreased their price target on Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Stifel Nicolaus decreased their price target on Trupanion from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Finally, Bank of America decreased their price target on Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trupanion presently has a consensus rating of “Hold” and an average price target of $42.25.
Read Our Latest Report on Trupanion
Trupanion Stock Performance
The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $953.10 million, a P/E ratio of 36.84 and a beta of 1.49. The business’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $31.31.
Trupanion (NASDAQ:TRUP – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $384.05 million during the quarter, compared to analyst estimates of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. As a group, equities analysts anticipate that Trupanion, Inc. will post 0.53 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Fawwad Qureshi sold 4,645 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $25.61, for a total transaction of $118,958.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John R. Gallagher sold 5,283 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $26.52, for a total value of $140,105.16. Following the transaction, the chief operating officer owned 32,387 shares of the company’s stock, valued at approximately $858,903.24. The trade was a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,503 shares of company stock worth $578,537 over the last 90 days. Corporate insiders own 5.42% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in Trupanion in the third quarter worth about $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Trupanion in the third quarter worth about $39,000. Parallel Advisors LLC lifted its stake in Trupanion by 1,831.9% in the first quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,722 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Trupanion in the fourth quarter worth about $64,000. Finally, Kelleher Financial Advisors bought a new stake in Trupanion in the third quarter worth about $74,000.
About Trupanion
Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.
Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.