Trupanion Inc (NYSE:TRUP) has been given an average recommendation of “Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

A number of brokerages recently issued reports on TRUP. BidaskClub cut Trupanion from a “hold” rating to a “sell” rating in a report on Thursday. Canaccord Genuity increased their target price on Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company reiterated an “outperform” rating and issued a $28.00 target price (up from $19.00) on shares of Trupanion in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 target price (up from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada increased their target price on Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd.

In other Trupanion news, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $22.20, for a total transaction of $77,700.00. Following the transaction, the insider now directly owns 1,463,505 shares in the company, valued at approximately $32,489,811. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Ian Moffat sold 8,552 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $23.20, for a total value of $198,406.40. Following the transaction, the chief operating officer now owns 8,552 shares in the company, valued at $198,406.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,552 shares of company stock worth $1,146,854.

A number of large investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its stake in Trupanion by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 200 shares in the last quarter. American International Group Inc. lifted its stake in Trupanion by 7.1% during the 1st quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 588 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Trupanion by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,342 shares in the last quarter. California Public Employees Retirement System lifted its stake in Trupanion by 3.7% during the 2nd quarter. California Public Employees Retirement System now owns 42,200 shares of the financial services provider’s stock valued at $944,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Grand Jean Capital Management Inc. lifted its stake in Trupanion by 1.5% during the 2nd quarter. Grand Jean Capital Management Inc. now owns 269,289 shares of the financial services provider’s stock valued at $6,027,000 after acquiring an additional 4,105 shares in the last quarter.

Shares of Trupanion (TRUP) traded up 4.33% on Tuesday, reaching $21.91. 144,564 shares of the company’s stock were exchanged. The stock’s market cap is $657.19 million. The company’s 50 day moving average price is $22.69 and its 200-day moving average price is $18.92. Trupanion has a 52-week low of $13.71 and a 52-week high of $25.00.

Trupanion (NYSE:TRUP) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. Equities analysts forecast that Trupanion will post ($0.10) EPS for the current fiscal year.

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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.

Analyst Recommendations for Trupanion (NYSE:TRUP)

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