Trupanion (TRUP) Lowered to Sell at BidaskClub

BidaskClub cut shares of Trupanion (NASDAQ:TRUP) from a hold rating to a sell rating in a report published on Tuesday.

A number of other analysts have also issued reports on the company. CL King assumed coverage on Trupanion in a research note on Tuesday, November 21st. They issued a neutral rating on the stock. Zacks Investment Research raised Trupanion from a hold rating to a buy rating and set a $37.00 price target on the stock in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reissued 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Trupanion has an average rating of Buy and a consensus price target of $28.83.

Shares of Trupanion (TRUP) opened at $28.72 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87. Trupanion has a 52 week low of $13.71 and a 52 week high of $33.00.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The firm had revenue of $63.12 million for the quarter, compared to analyst estimates of $61.44 million. During the same period last year, the company earned ($0.06) EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. research analysts predict that Trupanion will post -0.04 EPS for the current year.

In other news, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $23.75, for a total value of $83,125.00. Following the transaction, the insider now directly owns 1,446,005 shares of the company’s stock, valued at approximately $34,342,618.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $32,110.00. Following the completion of the transaction, the chief financial officer now directly owns 14,000 shares in the company, valued at $449,540. The disclosure for this sale can be found here. Insiders sold a total of 118,539 shares of company stock worth $3,123,783 over the last ninety days. Corporate insiders own 31.24% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Trupanion in the 3rd quarter valued at about $325,000. Vanguard Group Inc. raised its holdings in shares of Trupanion by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock valued at $9,249,000 after buying an additional 23,419 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Trupanion during the 2nd quarter valued at about $993,000. Baillie Gifford & Co. raised its holdings in shares of Trupanion by 12.3% during the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock valued at $21,985,000 after buying an additional 107,373 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Trupanion by 21.7% during the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock valued at $714,000 after buying an additional 5,700 shares during the period. 63.25% of the stock is currently owned by institutional investors and hedge funds.

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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 (NASDAQ:TRUP)

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