Trupanion Inc (TRUP) Receives Average Recommendation of “Buy” from Analysts
Trupanion Inc (NYSE:TRUP) has earned an average recommendation of “Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.00.
A number of equities research analysts have recently weighed in on the company. TheStreet raised Trupanion from a “d” rating to a “c-” rating in a research note on Monday, July 17th. Zacks Investment Research raised Trupanion from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub cut Trupanion from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity lifted their price objective on Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised Trupanion from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
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In related news, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $23.75, for a total transaction of $83,125.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Asher Bearman sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $22.55, for a total value of $56,375.00. Following the transaction, the insider now directly owns 5,539 shares of the company’s stock, valued at $124,904.45. The disclosure for this sale can be found here. Insiders have sold a total of 54,052 shares of company stock valued at $1,229,454 over the last three months.
Hedge funds and other institutional investors have recently made changes to their positions in the business. American International Group Inc. lifted its holdings 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 worth $126,000 after buying an additional 588 shares during the last quarter. Bank of Montreal Can lifted its holdings in Trupanion by 309.2% during the 2nd quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Trupanion during the 2nd quarter worth about $215,000. Wells Fargo & Company MN lifted its holdings 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 worth $252,000 after buying an additional 1,342 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Trupanion by 52.7% during the 2nd quarter. Nationwide Fund Advisors now owns 12,694 shares of the financial services provider’s stock worth $284,000 after buying an additional 4,380 shares during the last quarter.
Trupanion (TRUP) traded down 0.04% during trading on Friday, hitting $26.41. The stock had a trading volume of 141,335 shares. The firm has a 50 day moving average of $22.49 and a 200-day moving average of $19.35. The company’s market cap is $792.17 million. Trupanion has a one year low of $13.71 and a one year high of $26.72.
Trupanion (NYSE:TRUP) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was up 27.3% on a year-over-year basis. Equities analysts anticipate that Trupanion will post ($0.09) earnings per share for the current fiscal year.
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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