AllianceBernstein LP recently announced the acquisition of new stake in Trupanion Inc. (NASDAQ:TRUP). The institutional investor has increased its shareholding in the Financial company by 1.18% to 1.94 million shares with purchase of 22624.0 shares. This fresh investment now brings its stake to 5.54% valued currently at $98.24 million. In addition, BlackRock Fund Advisors raised its holdings by 83188.0 to 1.9 million shares. And Liontrust Investments Ltd. has lifted its position by 4.49% or 63600.0 shares – to 1.48 million shares.
With over 1.14 million Trupanion Inc. (TRUP) shares trading Tuesday and a closing price of $68.02 on the day, the dollar volume was approximately $77.31 million. The shares have shown a positive weekly performance of 18.67% and its price on 09/01/20 gained nearly 8.43%. Currently, there are 35.14M common shares owned by the public and among those 30.34M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for TRUP have a consensus price objective of $57.20. The analysts have set the share’s price value over the next 12 months at a high of $67.00 and a low of $45.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Trupanion Inc. stock is 2.40 for the next 12 months. The average price target is -18.92% below its last price level and a downside to the estimated low will see the stock lose -51.16% over that period. But an upside of -1.52% will see the stock hit the forecast high price target while mean target price for the stock is $62.00.
Insiders at the company have transacted a total of 229 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 95 of these insider trades were purchases, accounting for 1,315,932 shares. Insider sales of the common stock occurred on 134 occasions, with total insider shares sold totaling 2,737,335 shares.
The top 3 mutual fund holders in Trupanion Inc. are American Funds Small Cap World Fu, ClearBridge Small Cap Growth Fund, and AB Small Cap Growth Portfolio. American Funds Small Cap World Fu owns 2.8 million shares of the company’s stock, all valued at over $141.37 million. AB Small Cap Growth Portfolio bought 11870.0 shares to bring its total holdings to over 1.07 million shares at a value of $54.17 million. AB Small Cap Growth Portfolio now owns shares totaling to 3.05% of the shares outstanding.
Shares of Trupanion Inc. (NASDAQ: TRUP) opened at $62.34, down -$0.39 from a prior closing price of $62.73. However, the script later closed the day at $68.02, up 8.43%. The company’s stock has a 5-day price change of 18.67% and 96.59% over the past three months. TRUP shares are trading 81.58% year to date (YTD), with the 12-month market performance up to 187.37% higher. It has a 12-month low price of $20.84 and touched a high of $77.00 over the same period. Currently, 1.14 million shares have been traded, compared to an average intraday trading volume of 584.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.37%, 28.46%, and 82.97% respectively.
Institutional ownership of Trupanion Inc. (NASDAQ: TRUP) 35.14M shares outstanding. Mutual fund holders own 46.75%, while other institutional holders and individual stakeholders account for 50.08% and 22.33% respectively.
It has a market capitalization of $2.36B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 1478.70, while the earnings-per-share (ttm) stands at $0.05. The company has a PEG of 98.58 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.37% over the week and 7.06% over the month.
Analysts forecast that Trupanion Inc. (TRUP) will achieve an EPS of -$0.04 for the current quarter, -$0.03 for the next quarter and $0.04 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -80.00%, and 166.70% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 49.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Trupanion Inc. (TRUP) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TRUP, a number of firms have released research notes about the stock. Guggenheim stated their Neutral rating for the stock in a research note on August 10, 2020, with the firm’s price target at. Northland Capital coverage for the Trupanion Inc. (TRUP) stock in a research note released on August 05, 2020 offered a Market Perform rating with a price target of $50. Raymond James was of a view on February 14, 2020 that the stock is Mkt Perform, while Stifel gave the stock Hold rating on January 09, 2020, issuing a price target of $32- $38. Craig Hallum on their part issued Hold rating on August 16, 2019.