Trupanion (NASDAQ:TRUP) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, December 24th.
A number of other research firms also recently commented on TRUP. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. Finally, CL King started coverage on Trupanion in a report on Tuesday, November 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.83.
Shares of Trupanion (TRUP) opened at $35.04 on Friday. Trupanion has a 52 week low of $13.71 and a 52 week high of $35.06. The firm has a market capitalization of $997.32, a PE ratio of -389.33 and a beta of 0.14. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.15.
Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The business had revenue of $63.12 million for the quarter, compared to analyst estimates of $61.44 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company’s revenue 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 Trupanion news, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $30.11, for a total value of $105,385.00. Following the completion of the transaction, the insider now directly owns 1,389,976 shares of the company’s stock, valued at $41,852,177.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ian Moffat sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.06, for a total value of $210,420.00. Following the completion of the transaction, the chief operating officer now directly owns 7,000 shares of the company’s stock, valued at $210,420. The disclosure for this sale can be found here. Insiders have sold 22,039 shares of company stock valued at $661,393 in the last ninety days. Corporate insiders own 31.24% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Nine Ten Capital Management LLC lifted its holdings in Trupanion by 3.4% in the third quarter. Nine Ten Capital Management LLC now owns 1,374,967 shares of the financial services provider’s stock valued at $36,313,000 after acquiring an additional 45,100 shares during the period. California Public Employees Retirement System lifted its holdings in Trupanion by 7.8% in the third quarter. California Public Employees Retirement System now owns 45,509 shares of the financial services provider’s stock valued at $1,202,000 after acquiring an additional 3,309 shares during the period. Lagoda Investment Management L.P. lifted its holdings in Trupanion by 44.6% in the third quarter. Lagoda Investment Management L.P. now owns 190,162 shares of the financial services provider’s stock valued at $5,022,000 after acquiring an additional 58,634 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Trupanion in the third quarter valued at approximately $221,000. Finally, King Luther Capital Management Corp acquired a new position in Trupanion in the third quarter valued at approximately $1,524,000. 63.25% of the stock is owned by institutional investors.
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Trupanion Company Profile
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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