Trupanion (TRUP) Upgraded to “Hold” by BidaskClub
Trupanion (NASDAQ:TRUP) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.
Several other equities research analysts also recently weighed in on the stock. CL King began coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of Trupanion from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.83.
Shares of Trupanion (TRUP) opened at $29.63 on Tuesday. Trupanion has a 52 week low of $13.71 and a 52 week high of $33.00. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15.
Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue was up 30.5% compared to the same quarter last year. equities research analysts expect that Trupanion will post -0.04 EPS for the current fiscal year.
In other news, COO Ian Moffat sold 7,000 shares of Trupanion stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.06, for a total transaction of $210,420.00. Following the completion of the transaction, the chief operating officer now directly owns 7,000 shares in the company, valued at $210,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.11, for a total transaction of $32,110.00. Following the transaction, the chief financial officer now owns 14,000 shares of the company’s stock, valued at $449,540. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,539 shares of company stock valued at $3,123,783. Insiders own 31.24% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TRUP. JPMorgan Chase & Co. acquired a new position in shares of Trupanion during the third quarter valued at about $143,000. Bank of Montreal Can grew its holdings in shares of Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after buying an additional 6,834 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Trupanion during the second quarter valued at about $215,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Trupanion during the third quarter valued at about $221,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Trupanion by 1.2% during the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 63.25% 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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