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Investing.com - Piper Sandler raised its price target on Trupanion, Inc. (NASDAQ:TRUP) to $62.00 from $52.00 on Thursday, while maintaining an Overweight rating on the pet insurance provider. The stock, currently trading at $51.96, has demonstrated remarkable strength with an 80% return over the past year, according to InvestingPro data.
The research firm cited Trupanion’s higher-than-expected level of enrolled pets in the first quarter of 2025, indicating strong product adoption. Piper Sandler noted positive traction across the veterinary channel, which should support future growth in enrolled pets.
Trupanion reported strong results with its loss ratio in Q1 2025, reflecting improved operational efficiency. The company also experienced a noticeable uptick in persistency during the quarter, reinforcing customer loyalty for its products.
The pet insurer raised its guidance in Q1 2025, driven by growth in the underlying business. Following improved input costs, Piper Sandler increased its 2026 estimated multiple to 16.6x from 14x previously.
Piper Sandler’s new price target represents potential upside based on Trupanion’s continued expansion of product offerings to animal health and strengthening of distribution channels.
In other recent news, Trupanion, Inc. reported its financial results for the first quarter of 2025, surpassing analysts’ expectations with an earnings per share (EPS) of -$0.03 against the forecasted -$0.05. The company’s revenue reached $342 million, slightly exceeding the projected $337.82 million, marking a 12% increase year-over-year. Trupanion also announced that its subsidiary, American Pet Insurance Company, received approval for a $26 million extraordinary dividend payout to the parent company. This financial maneuver aligns with regulatory guidelines and reflects the company’s ability to generate surplus funds. Despite these positive developments, Trupanion’s stock saw a 1.37% decline in aftermarket trading. The company continues to focus on innovation, enhancing its technology platform and marketing strategies. Additionally, Trupanion provided full-year 2025 revenue guidance of $1.390 to $1.425 billion, indicating a 14% growth at the midpoint. Analysts from firms like William Blair and Stifel have been actively engaging with Trupanion’s management, seeking insights into the company’s strategies and market position.
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