Wealthfront Advisers LLC Takes $845,000 Position in Trupanion, Inc. (NASDAQ:TRUP)

Wealthfront Advisers LLC acquired a new stake in Trupanion, Inc. (NASDAQ:TRUP) in the 4th quarter, Holdings Channel reports. The firm acquired 17,529 shares of the financial services provider’s stock, valued at approximately $845,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp lifted its position in Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 238 shares during the period. Quest Partners LLC bought a new position in Trupanion in the third quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new position in Trupanion in the third quarter worth $54,000. Finally, KBC Group NV bought a new position in Trupanion in the fourth quarter worth $75,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus reduced their target price on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Piper Sandler reduced their target price on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.60.

Insider Activity

In other news, SVP Emily Dreyer sold 14,025 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the sale, the senior vice president now directly owns 27,645 shares in the company, valued at approximately $895,974.45. This trade represents a 33.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Fawwad Qureshi sold 1,373 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now owns 2,416 shares of the company’s stock, valued at approximately $82,675.52. This trade represents a 36.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,984 shares of company stock worth $850,362. 5.50% of the stock is owned by corporate insiders.

Trupanion Stock Performance

Trupanion stock opened at $35.26 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. The stock has a fifty day moving average price of $42.63 and a two-hundred day moving average price of $47.05. Trupanion, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90. The firm has a market capitalization of $1.50 billion, a P/E ratio of -153.30, a P/E/G ratio of 6.02 and a beta of 1.70.

Trupanion (NASDAQ:TRUP) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The business had revenue of $337.31 million during the quarter, compared to analyst estimates of $335.41 million. As a group, analysts anticipate that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

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.