Trupanion Inc (TRUP) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Trupanion Inc (NYSE:TRUP) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

A number of other research analysts have also recently weighed in on TRUP. Canaccord Genuity raised their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a buy rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on shares of Trupanion from $19.00 to $26.00 and gave the stock an outperform rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a buy rating and set a $24.00 price objective (up from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Cowen and Company reissued an outperform rating and set a $28.00 price objective (up from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Trupanion from a d rating to a c- rating in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Trupanion has a consensus rating of Buy and an average target price of $26.50.

Trupanion (NYSE:TRUP) opened at 27.89 on Friday. Trupanion has a one year low of $13.71 and a one year high of $28.45. The firm’s market capitalization is $836.56 million. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $20.91.

Trupanion (NYSE:TRUP) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. During the same period last year, the company posted ($0.03) EPS. The company’s revenue was up 27.3% on a year-over-year basis. Analysts expect that Trupanion will post ($0.09) EPS for the current year.

WARNING: “Trupanion Inc (TRUP) Lifted to “Buy” at BidaskClub” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/16/trupanion-inc-trup-lifted-to-buy-at-bidaskclub.html.

In other Trupanion news, Director Howard E. Rubin sold 100,000 shares of Trupanion stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.90, for a total value of $2,590,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $21.13, for a total transaction of $73,955.00. Following the completion of the sale, the insider now directly owns 1,449,505 shares of the company’s stock, valued at $30,628,040.65. The disclosure for this sale can be found here. Insiders sold a total of 150,552 shares of company stock valued at $3,741,754 over the last ninety days.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Trupanion by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock worth $9,249,000 after acquiring an additional 23,419 shares during the period. Baillie Gifford & Co. grew its stake in Trupanion by 12.3% in the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock worth $21,985,000 after acquiring an additional 107,373 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in Trupanion in the 2nd quarter worth approximately $2,972,000. Handelsinvest Investeringsforvaltning grew its stake in Trupanion by 598.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’

A number of other research analysts have also recently weighed in on TRUP. Canaccord Genuity raised their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a buy rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on shares of Trupanion from $19.00 to $26.00 and gave the stock an outperform rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a buy rating and set a $24.00 price objective (up from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Cowen and Company reissued an outperform rating and set a $28.00 price objective (up from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Trupanion from a d rating to a c- rating in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Trupanion has a consensus rating of Buy and an average target price of $26.50.

Trupanion (NYSE:TRUP) opened at 27.89 on Friday. Trupanion has a one year low of $13.71 and a one year high of $28.45. The firm’s market capitalization is $836.56 million. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $20.91.

Trupanion (NYSE:TRUP) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. During the same period last year, the company posted ($0.03) EPS. The company’s revenue was up 27.3% on a year-over-year basis. Analysts expect that Trupanion will post ($0.09) EPS for the current year.

WARNING: “Trupanion Inc (TRUP) Lifted to “Buy” at BidaskClub” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/16/trupanion-inc-trup-lifted-to-buy-at-bidaskclub.html.

In other Trupanion news, Director Howard E. Rubin sold 100,000 shares of Trupanion stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.90, for a total value of $2,590,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $21.13, for a total transaction of $73,955.00. Following the completion of the sale, the insider now directly owns 1,449,505 shares of the company’s stock, valued at $30,628,040.65. The disclosure for this sale can be found here. Insiders sold a total of 150,552 shares of company stock valued at $3,741,754 over the last ninety days.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Trupanion by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock worth $9,249,000 after acquiring an additional 23,419 shares during the period. Baillie Gifford & Co. grew its stake in Trupanion by 12.3% in the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock worth $21,985,000 after acquiring an additional 107,373 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in Trupanion in the 2nd quarter worth approximately $2,972,000. Handelsinvest Investeringsforvaltning grew its stake in Trupanion by 598.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock worth $4,689,000 after acquiring an additional 179,500 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management purchased a new stake in Trupanion in the 2nd quarter worth approximately $1,300,000.

About Trupanion

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.

Analyst Recommendations for Trupanion (NYSE:TRUP)

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