Trupanion Inc (NASDAQ:TRUP)’s share price was down 18.9% during mid-day trading on Friday . The stock traded as low as $28.50 and last traded at $29.40, approximately 2,011,543 shares changed hands during mid-day trading. An increase of 510% from the average daily volume of 329,740 shares. The stock had previously closed at $36.27.
A number of equities analysts recently commented on TRUP shares. Raymond James cut shares of Trupanion from an “outperform” rating to a “market perform” rating in a research note on Friday. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Stifel Nicolaus lowered shares of Trupanion from a “buy” rating to a “hold” rating and increased their price objective for the stock from $32.00 to $38.00 in a research report on Wednesday, January 8th. TheStreet raised shares of Trupanion from a “d+” rating to a “c-” rating in a research note on Tuesday, November 26th. Finally, Northland Securities restated a “buy” rating and set a $40.00 target price on shares of Trupanion in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Trupanion presently has a consensus rating of “Buy” and a consensus target price of $36.00.
The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $33.90 and a two-hundred day simple moving average of $29.72. The firm has a market cap of $1.19 billion, a PE ratio of -326.67 and a beta of 1.76.
Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $105.48 million during the quarter, compared to the consensus estimate of $104.92 million. Trupanion had a negative return on equity of 2.08% and a negative net margin of 0.75%. Equities analysts forecast that Trupanion Inc will post -0.07 earnings per share for the current year.
In other news, CEO Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $33.22, for a total transaction of $132,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Murray B. Low sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.21, for a total value of $102,630.00. Following the completion of the sale, the director now owns 179,942 shares of the company’s stock, valued at approximately $6,155,815.82. The disclosure for this sale can be found here. Insiders sold a total of 29,300 shares of company stock worth $1,007,207 in the last ninety days. 13.61% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Trupanion by 165.3% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 459,752 shares of the financial services provider’s stock worth $11,687,000 after buying an additional 286,425 shares during the period. Karani Asset Management LLC bought a new position in shares of Trupanion during the 4th quarter worth $6,070,000. Handelsbanken Fonder AB grew its position in shares of Trupanion by 33.3% during the 4th quarter. Handelsbanken Fonder AB now owns 500,000 shares of the financial services provider’s stock worth $18,730,000 after buying an additional 125,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Trupanion during the second quarter valued at $4,142,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Trupanion by 31.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 379,088 shares of the financial services provider’s stock valued at $14,201,000 after buying an additional 90,420 shares during the period. Institutional investors own 94.06% of the company’s stock.
About Trupanion (NASDAQ:TRUP)
Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.
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