Trupanion (NASDAQ:TRUP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Finally, CL King initiated coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.83.
Shares of Trupanion (NASDAQ TRUP) opened at $28.57 on Tuesday. Trupanion has a 1-year low of $13.71 and a 1-year high of $33.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87.
Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. research analysts forecast that Trupanion will post -0.04 EPS for the current fiscal year.
In other news, COO Ian Moffat sold 7,000 shares of Trupanion stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.06, for a total transaction of $210,420.00. Following the completion of the sale, the chief operating officer now directly owns 7,000 shares of the company’s stock, valued at approximately $210,420. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $21.13, for a total transaction of $73,955.00. Following the sale, the insider now directly owns 1,449,505 shares of the company’s stock, valued at $30,628,040.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,039 shares of company stock valued at $3,197,738. Insiders own 31.24% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Trupanion by 1.7% during the 2nd quarter. Capital World Investors now owns 2,380,800 shares of the financial services provider’s stock worth $53,282,000 after purchasing an additional 40,500 shares during the last quarter. Nine Ten Capital Management LLC lifted its position in shares of Trupanion by 3.4% during the 3rd quarter. Nine Ten Capital Management LLC now owns 1,374,967 shares of the financial services provider’s stock worth $36,313,000 after purchasing an additional 45,100 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Trupanion by 2.4% during the 3rd quarter. Baillie Gifford & Co. now owns 1,005,983 shares of the financial services provider’s stock worth $26,568,000 after purchasing an additional 23,610 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Trupanion by 16.6% during the 2nd quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock worth $16,977,000 after purchasing an additional 108,135 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Trupanion by 54.4% during the 2nd quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock worth $7,752,000 after purchasing an additional 121,990 shares during the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.
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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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