Trupanion Inc. (NASDAQ: TRUP) stock fell -4.32% on Friday to $65.06 against a previous-day closing price of $68.00. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $67.98 whereas the lowest price it dropped to was $59.04. The 52-week range on TRUP shows that it touched its highest point at $158.25 and its lowest point at $50.81 during that stretch. It currently has a 1-year price target of $107.75. Beta for the stock currently stands at 2.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRUP was up-trending over the past week, with a rise of 1.62%, but this was up by 0.39% over a month. Three-month performance dropped to -8.37% while six-month performance fell -30.54%. The stock lost -43.40% in the past year, while it has lost -50.72% so far this year. A look at the trailing 12-month EPS for TRUP yields -0.79 with Next year EPS estimates of -0.56. For the next quarter, that number is -0.22. This implies an EPS growth rate of -443.50% for this year and 24.30% for next year.
Float and Shares Shorts:
At present, 40.58 million TRUP shares are outstanding with a float of 37.04 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.12 million, which was 15.04% higher than short shares on Jun 14, 2022. In addition to Mr. Darryl Graham Andrew Rawlings as the firm’s Founder, CEO & Director, Ms. Margaret Tooth serves as its Pres.
Through their ownership of 95.30% of TRUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.62% of TRUP, in contrast to 28.07% held by mutual funds. Shares owned by individuals account for 19.94%. As the largest shareholder in TRUP with 12.52% of the stake, BlackRock Fund Advisors holds 5,097,864 shares worth 5,097,864. A second-largest stockholder of TRUP, The Vanguard Group, Inc., holds 3,764,455 shares, controlling over 9.24% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in TRUP, holding 2,408,321 shares or 5.91% stake. With a 7.89% stake in TRUP, the American Funds Small Cap World Fu is the largest stakeholder. A total of 3,213,692 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 5.99% of TRUP stock, is the second-largest Mutual Fund holder. It holds 2,440,874 shares valued at 147.09 million. Vanguard Total Stock Market Index holds 2.66% of the stake in TRUP, owning 1,084,891 shares worth 65.38 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRUP since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TRUP analysts setting a high price target of $115.00 and a low target of $62.00, the average target price over the next 12 months is $86.14. Based on these targets, TRUP could surge 76.76% to reach the target high and fall by -4.7% to reach the target low. Reaching the average price target will result in a growth of 32.4% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TRUP will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of -$0.54 being high and -$1.08 being low. For TRUP, this leads to a yearly average estimate of -$0.94. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Trupanion Inc. surprised analysts by -$0.11 when it reported -$0.33 EPS against a consensus estimate of -$0.22. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.23.
Summary of Insider Activity:
Insiders traded TRUP stock several times over the past three months with 28 Buys and 21 Sells. In these transactions, 65,124 shares were bought while 47,972 shares were sold. The number of buy transactions has increased to 142 while that of sell transactions has risen to 204 over the past year. The total number of shares bought during that period was 293,634 while 277,480 shares were sold.