Trupanion Inc (NASDAQ: TRUP) stock fell -3.28% on Friday to $25.07 against a previous-day closing price of $25.92. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $26.19 whereas the lowest price it dropped to was $24.98. The 52-week range on TRUP shows that it touched its highest point at $69.15 and its lowest point at $18.45 during that stretch. It currently has a 1-year price target of $33.12. Beta for the stock currently stands at 1.70.
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 15.69%, but this was up by 2.33% over a month. Three-month performance dropped to -13.55% while six-month performance rose 19.67%. The stock lost -59.75% in the past year, while it has lost -47.25% so far this year. A look at the trailing 12-month EPS for TRUP yields -1.26 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.20. This implies an EPS growth rate of -16.36% for this year and 58.30% for next year.
Float and Shares Shorts:
At present, 41.01 million TRUP shares are outstanding with a float of 33.64 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.39 million, which was 27.41% higher than short shares on Sep 28, 2023. In addition to TRP as the firm’s TC Energy Corporation, TUP serves as its Tupperware Brands Corporation.
Institutional Ownership:
Through their ownership of 102.80% of TRUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.39% of TRUP, in contrast to 35.78% held by mutual funds. Shares owned by individuals account for 19.80%. As the largest shareholder in TRUP with 12.49% of the stake, BlackRock Fund Advisors holds 5,167,089 shares worth 5,167,089. A second-largest stockholder of TRUP, Capital Research & Management Co, holds 4,020,416 shares, controlling over 9.72% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TRUP, holding 3,916,248 shares or 9.47% stake. With a 7.97% stake in TRUP, the American Funds Small Cap World Fu is the largest stakeholder. A total of 3,297,206 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 5.81% of TRUP stock, is the second-largest Mutual Fund holder. It holds 2,402,002 shares valued at 49.48 million. American Funds Growth Fund of Ame holds 4.78% of the stake in TRUP, owning 1,979,054 shares worth 40.77 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRUP since 0 analysts follow the stock currently. 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 $50.00 and a low target of $19.00, the average target price over the next 12 months is $33.13. Based on these targets, TRUP could surge 99.44% to reach the target high and fall by -24.21% to reach the target low. Reaching the average price target will result in a growth of 32.15% from current levels.
Summary of Insider Activity:
Insiders traded TRUP stock several times over the past three months with 45 Buys and 34 Sells. In these transactions, 43,257 shares were bought while 16,506 shares were sold. The number of buy transactions has increased to 148 while that of sell transactions has risen to 122 over the past year. The total number of shares bought during that period was 156,841 while 99,366 shares were sold.
