10 Oversold Financial Stocks To Buy Right Now

8. Trupanion, Inc. (NASDAQ:TRUP)

6-Month Performance: -23.09%

Number of Hedge Fund Holders: 27

Analysts Upside Potential: 57.72% 

Trupanion, Inc. (NASDAQ:TRUP) is a pet insurance company for cats and dogs with operations in the United States, Canada, Australia, and parts of Europe. The company has a subscription-based business model that offers a single, simple policy covering 90% of eligible veterinary costs for new accidents, injuries, and illnesses. Its coverage includes diagnostic tests, surgeries, medications, treatments, and hospital stays.

On February 20, Bank of America Securities analyst Joshua Shanker maintained a Buy rating on the stock. During the fiscal fourth quarter of 2024, Trupanion, Inc. (NASDAQ:TRUP) grew its subscription revenue by 20% year-over-year. Moreover, the adjusted operating income increased nearly 40% to a record $114 million. The growth was driven by an addition of approximately 257,000 pets over the last 12 months, bringing the total number of protected pets to over 1 million. Most of the added pets came from their flagship Trupanion branded products. Looking ahead, Trupanion, Inc. (NASDAQ:TRUP) anticipates steady, sustainable growth in its subscription business. Management plans to continue investing in technology to improve the member experience and strengthen their control framework. It is one of the oversold financial stocks to buy right now.