Trupanion Inc (TRUP) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of Trupanion Inc (NYSE:TRUP) from a hold rating to a sell rating in a research note released on Thursday.
Several other equities research analysts have also recently weighed in on TRUP. Northland Securities started coverage on Trupanion in a research note on Friday, May 26th. They set an outperform rating and a $22.75 price objective on the stock. ValuEngine raised Trupanion from a sell rating to a hold rating in a research note on Friday, June 2nd. Cowen and Company reissued a buy rating and set a $19.00 price objective on shares of Trupanion in a research note on Friday, July 14th. Zacks Investment Research raised Trupanion from a sell rating to a hold rating in a research note on Tuesday, July 18th. Finally, TheStreet raised 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 sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $24.50.
Trupanion (NYSE TRUP) opened at 21.97 on Thursday. The company’s 50-day moving average price is $22.68 and its 200 day moving average price is $18.94. Trupanion has a 52-week low of $13.71 and a 52-week high of $25.00. The company’s market capitalization is $658.99 million.
Trupanion (NYSE:TRUP) last posted its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. On average, equities analysts expect that Trupanion will post ($0.10) EPS for the current fiscal year.
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In other Trupanion news, insider Asher Bearman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $22.55, for a total transaction of $56,375.00. Following the sale, the insider now directly owns 5,539 shares of the company’s stock, valued at $124,904.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ian Moffat sold 8,552 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $23.20, for a total value of $198,406.40. Following the sale, the chief operating officer now directly owns 8,552 shares in the company, valued at $198,406.40. The disclosure for this sale can be found here. Insiders have sold 54,052 shares of company stock worth $1,220,809 over the last three months.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Trupanion by 3.7% during the first 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 last quarter. Handelsinvest Investeringsforvaltning grew its stake in shares of Trupanion by 598.3% during the second quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 179,500 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Trupanion by 14.1% during the first quarter. Bank of New York Mellon Corp now owns 56,991 shares of the financial services provider’s stock valued at $811,000 after buying an additional 7,054 shares during the last quarter. RMB Capital Management LLC grew its stake in shares of Trupanion by 10.5% during the first quarter. RMB Capital Management LLC now owns 241,617 shares of the financial services provider’s stock valued at $3,436,000 after buying an additional 22,935 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Trupanion by 71.8% during the first quarter. Wellington Management Group LLP now owns 929,226 shares of the financial services provider’s stock valued at $13,213,000 after buying an additional 388,226 shares during the last quarter.
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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