Trupanion, Inc. (TRUP) Coverage Initiated by Analysts at CL King
CL King began coverage on shares of Trupanion, Inc. (NASDAQ:TRUP) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the financial services provider’s stock.
Several other brokerages also recently commented on TRUP. Zacks Investment Research upgraded Trupanion from a hold rating to a buy rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. BidaskClub downgraded Trupanion from a buy rating to a hold rating in a report on Friday, November 10th. Canaccord Genuity reiterated a buy rating and set a $35.00 target price (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. Cowen Inc reiterated an outperform rating and set a $28.00 target price (up from $19.00) on shares of Trupanion in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a buy rating and set a $24.00 target price (up from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $28.83.
Shares of Trupanion (TRUP) opened at $29.93 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.87 and a current ratio of 1.87. Trupanion has a twelve month low of $13.71 and a twelve month high of $33.00.
Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $63.12 million for the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. research analysts anticipate that Trupanion will post -0.04 earnings per share for the current year.
In other Trupanion news, insider Asher Bearman sold 2,500 shares of Trupanion stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $22.55, for a total transaction of $56,375.00. Following the sale, the insider now directly owns 5,539 shares in the company, valued at approximately $124,904.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Howard E. Rubin sold 100,000 shares of Trupanion stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total value of $2,590,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 117,539 shares of company stock worth $3,043,693 over the last 90 days. 31.24% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Trupanion during the 3rd quarter worth approximately $325,000. Vanguard Group Inc. increased its holdings in Trupanion by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock worth $9,249,000 after purchasing an additional 23,419 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Trupanion by 12.3% during the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock worth $21,985,000 after purchasing an additional 107,373 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Trupanion during the 2nd quarter worth approximately $993,000. Finally, Swiss National Bank increased its holdings in Trupanion by 21.7% during the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 5,700 shares during the last quarter. Institutional investors own 62.40% of the company’s stock.
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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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