Trupanion Inc (NASDAQ:TRUP) shares dropped 8.1% during trading on Friday . The stock traded as low as $31.25 and last traded at $31.37. Approximately 717,323 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 354,675 shares. The stock had previously closed at $34.12.
A number of research analysts recently issued reports on the company. Lake Street Capital boosted their price target on Trupanion from $32.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and set a $34.00 price target (up previously from $33.00) on shares of Trupanion in a report on Wednesday, February 14th. Northland Securities restated a “buy” rating and set a $38.00 price target on shares of Trupanion in a report on Thursday, February 8th. BidaskClub upgraded Trupanion from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Zacks Investment Research downgraded Trupanion from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $35.57.
The stock has a market capitalization of $1,058.10, a price-to-earnings ratio of -522.75 and a beta of 0.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.89 and a current ratio of 1.89.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Trupanion had a negative net margin of 0.62% and a negative return on equity of 6.66%. The business had revenue of $66.55 million for the quarter, compared to analysts’ expectations of $65.60 million. research analysts expect that Trupanion Inc will post -0.05 earnings per share for the current year.
In other Trupanion news, Director Murray B. Low sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.42, for a total transaction of $85,260.00. Following the transaction, the director now owns 194,281 shares in the company, valued at approximately $5,521,466.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $34.36, for a total value of $120,260.00. Following the transaction, the insider now owns 1,382,976 shares in the company, valued at approximately $47,519,055.36. The disclosure for this sale can be found here. Insiders have sold a total of 20,500 shares of company stock worth $641,410 in the last quarter. Company insiders own 31.24% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. purchased a new position in shares of Trupanion during the 4th quarter worth approximately $129,000. JPMorgan Chase & Co. purchased a new position in shares of Trupanion during the 3rd quarter worth approximately $143,000. Advisor Group Inc. purchased a new position in shares of Trupanion during the 4th quarter worth approximately $182,000. Voya Investment Management LLC purchased a new position in shares of Trupanion during the 2nd quarter worth approximately $215,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Trupanion during the 3rd quarter worth approximately $221,000. Hedge funds and other institutional investors own 74.75% of the company’s stock.
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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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