Shares of Trupanion Inc (NASDAQ:TRUP) have earned an average rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $45.63.

A number of brokerages have recently issued reports on TRUP. Craig Hallum began coverage on shares of Trupanion in a report on Thursday, July 19th. They issued a “buy” rating and a $55.00 price target for the company. BidaskClub downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Cowen increased their price target on shares of Trupanion from $41.00 to $47.00 and gave the company a “positive” rating in a report on Friday, August 3rd. Royal Bank of Canada increased their price target on shares of Trupanion to $44.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Finally, Lake Street Capital reiterated a “buy” rating and issued a $46.00 price target (up previously from $41.00) on shares of Trupanion in a report on Friday, August 3rd.

In related news, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $45.72, for a total value of $182,880.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Murray B. Low sold 3,000 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $38.12, for a total transaction of $114,360.00. Following the completion of the sale, the director now directly owns 189,782 shares in the company, valued at $7,234,489.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,450 shares of company stock worth $901,839. 20.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. SG Americas Securities LLC acquired a new stake in Trupanion in the 2nd quarter valued at about $100,000. Summit Trail Advisors LLC boosted its stake in shares of Trupanion by 2,638.0% during the 1st quarter. Summit Trail Advisors LLC now owns 109,876 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 105,863 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Trupanion during the 2nd quarter worth about $142,000. US Bancorp DE boosted its stake in shares of Trupanion by 111.8% during the 2nd quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Trupanion during the 2nd quarter worth about $224,000. 93.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRUP traded down $1.45 during trading hours on Wednesday, reaching $28.18. The company had a trading volume of 8,871 shares, compared to its average volume of 365,354. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.17 billion, a PE ratio of -415.29 and a beta of 0.60. Trupanion has a 12-month low of $25.50 and a 12-month high of $46.70.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $73.39 million during the quarter, compared to the consensus estimate of $72.70 million. Trupanion had a negative net margin of 0.84% and a negative return on equity of 4.43%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. On average, research analysts anticipate that Trupanion will post -0.08 EPS for the current year.

Trupanion Company Profile

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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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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