Trupanion, Inc. (NASDAQ:TRUP) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.83.
Several brokerages recently issued reports on TRUP. CL King began coverage on Trupanion in a research report on Tuesday, November 21st. They set a “neutral” rating on the stock. BidaskClub cut Trupanion from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Trupanion in a research report on Tuesday, October 31st.
Shares of Trupanion (NASDAQ TRUP) traded up $2.88 during trading hours on Monday, hitting $35.04. The company had a trading volume of 522,354 shares, compared to its average volume of 230,807. The stock has a market capitalization of $997.32, a PE ratio of -389.33 and a beta of 0.14. 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 one year low of $13.71 and a one year high of $35.06.
Trupanion (NASDAQ:TRUP) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $63.12 million for the quarter, compared to analysts’ expectations of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. Trupanion’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. analysts anticipate that Trupanion will post -0.04 earnings per share for the current year.
In other Trupanion news, insider Asher Bearman sold 4,039 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $28.40, for a total value of $114,707.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tricia Plouf sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was 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 approximately $449,540. The disclosure for this sale can be found here. In the last three months, insiders sold 22,039 shares of company stock worth $661,393. Insiders own 31.24% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TRUP. American Century Companies Inc. purchased a new position in Trupanion in the second quarter worth $3,434,000. San Francisco Sentry Investment Group CA purchased a new position in Trupanion in the second quarter worth $2,972,000. Lagoda Investment Management L.P. bought a new stake in shares of Trupanion in the second quarter valued at $2,944,000. State Street Corp raised its stake in shares of Trupanion by 54.4% in the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock valued at $7,752,000 after buying an additional 121,990 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Trupanion by 16.6% in the second quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock valued at $16,977,000 after buying an additional 108,135 shares during the period. 63.25% of the stock is currently owned by institutional investors and hedge funds.
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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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