Trupanion Inc (NASDAQ: TRUP) Has Succeeded In Gaining Momentum In 2024, The Stock Is Up 40.41% YTD

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Trupanion Inc (NASDAQ:TRUP)’s traded shares stood at 0.34 million during the last session, with the company’s beta value hitting 1.74. At the close of trading, the stock’s price was $42.84, to imply an increase of 3.58% or $1.48 in intraday trading. The TRUP share’s 52-week high remains $49.14, putting it -14.71% down since that peak but still an impressive 55.32% since price per share fell to its 52-week low of $19.14. The company has a valuation of $1.81B, with an average of 0.56 million shares in intraday trading volume over the past 10 days and average of 634.99K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Trupanion Inc (TRUP), translating to a mean rating of 2.33. Of 6 analyst(s) looking at the stock, 0 analyst(s) give TRUP a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.

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Trupanion Inc (NASDAQ:TRUP) trade information

After registering a 3.58% upside in the last session, Trupanion Inc (TRUP) has traded red over the past five days. The 5-day price performance for the stock is 0.33%, and -1.90% over 30 days. With these gigs, the year-to-date price performance is 40.41%. Short interest in Trupanion Inc (NASDAQ:TRUP) saw shorts transact 11.12 million shares and set a 19.76 days time to cover.

The extremes give us $30 and $56 for target low and target high price respectively. As such, TRUP has been trading -30.72% off suggested target high and 29.97% from its likely low.

Trupanion Inc (TRUP) estimates and forecasts

Looking at statistics comparing Trupanion Inc share performance against respective industry, we note that the company has outperformed competitors. Trupanion Inc (TRUP) shares are 64.14% up over the last 6 months, with its year-to-date growth rate higher than industry average at 68.52% against 13.00%. Revenue is forecast to grow 40.00% this quarter before jumping 180.00% for the next one. The rating firms project that company’s revenue will grow 14.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is 321.8M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 329.28M.Earnings reports from the last fiscal year show that sales brought in 285.85M and 295.86M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.60% before jumping 11.30% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -106.11% for the past 5-year period. While 2024 is set for a 72.22% return in earnings, projections for the next 5 years are at 39.30% annually.

TRUP Dividends

Trupanion Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Trupanion Inc (NASDAQ:TRUP)’s Major holders

Trupanion Inc insiders hold 13.95% of total outstanding shares, with institutional holders owning 105.13% of the shares at 122.16% float percentage. In total, 105.13% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 5.45 million shares (or 13.0078% of shares), all amounting to roughly $160.3 million.

The next major institution holding the largest number of shares is CAPITAL WORLD INVESTORS with 4.02 million shares, or about 9.5914% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $118.2 million.