Trupanion Inc (NYSE:TRUP) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other equities research analysts also recently issued reports on TRUP. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. Cowen and Company restated an “outperform” rating and issued a $28.00 target price (up from $19.00) on shares of Trupanion in a report on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and issued a $24.00 target price (up from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.83.
Shares of Trupanion (NYSE:TRUP) opened at $30.19 on Friday. Trupanion has a twelve month low of $13.71 and a twelve month high of $33.00.
Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share.
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In other Trupanion news, insider Asher Bearman sold 10,900 shares of Trupanion stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.83, for a total transaction of $248,847.00. Following the transaction, the insider now directly owns 11,539 shares of the company’s stock, valued at $263,435.37. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $21.13, for a total transaction of $73,955.00. Following the transaction, the insider now directly owns 1,449,505 shares in the company, valued at $30,628,040.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,900 shares of company stock worth $3,162,462.
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in Trupanion during the third quarter valued at approximately $143,000. American International Group Inc. lifted its position in Trupanion by 7.1% during the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after buying an additional 588 shares in the last quarter. Bank of Montreal Can lifted its position in Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after buying an additional 6,834 shares in the last quarter. Voya Investment Management LLC acquired a new position in Trupanion during the second quarter valued at approximately $215,000. Finally, Wells Fargo & Company MN lifted its position in Trupanion by 13.5% during the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,342 shares in the last quarter.
Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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