Shares of Trupanion Inc (NASDAQ:TRUP) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $37.00.
Several research analysts have commented on TRUP shares. Royal Bank of Canada set a $38.00 target price on shares of Trupanion and gave the stock a “buy” rating in a research report on Wednesday, July 31st. ValuEngine cut shares of Trupanion from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. TheStreet cut shares of Trupanion from a “c” rating to a “d+” rating in a report on Tuesday, July 30th. Northland Securities restated a “buy” rating and set a $40.00 target price on shares of Trupanion in a report on Wednesday, July 31st. Finally, BidaskClub upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a report on Thursday, September 12th.
In related news, insider Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $32.59, for a total value of $130,360.00. Following the completion of the sale, the insider now owns 1,515,120 shares in the company, valued at approximately $49,377,760.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 24,900 shares of company stock valued at $723,151. 13.61% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Trupanion by 5.6% in the 2nd quarter. BlackRock Inc. now owns 1,898,456 shares of the financial services provider’s stock valued at $68,592,000 after acquiring an additional 100,432 shares in the last quarter. Vanguard Group Inc. lifted its position in Trupanion by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,400,569 shares of the financial services provider’s stock worth $50,603,000 after buying an additional 44,716 shares in the last quarter. Clearbridge Investments LLC lifted its position in Trupanion by 38.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock worth $39,959,000 after buying an additional 339,812 shares in the last quarter. Ensemble Capital Management LLC lifted its position in Trupanion by 0.6% in the 2nd quarter. Ensemble Capital Management LLC now owns 414,423 shares of the financial services provider’s stock worth $14,973,000 after buying an additional 2,370 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Trupanion by 1.8% in the 2nd quarter. Northern Trust Corp now owns 360,628 shares of the financial services provider’s stock worth $13,030,000 after buying an additional 6,242 shares in the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.
TRUP traded up $0.25 on Wednesday, hitting $25.42. 217,463 shares of the company’s stock were exchanged, compared to its average volume of 242,058. The firm has a market cap of $893.41 million, a PE ratio of -847.33 and a beta of 1.47. Trupanion has a twelve month low of $22.38 and a twelve month high of $37.13. The stock has a fifty day moving average of $26.33 and a two-hundred day moving average of $31.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.15.
Trupanion (NASDAQ:TRUP) last posted its earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The firm had revenue of $92.20 million during the quarter, compared to the consensus estimate of $91.17 million. During the same quarter last year, the company posted ($0.01) EPS. Trupanion’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts predict that Trupanion will post -0.12 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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