Trupanion Inc (TRUP) Downgraded by BidaskClub to Hold
BidaskClub cut shares of Trupanion Inc (NYSE:TRUP) from a buy rating to a hold rating in a research report report published on Friday.
TRUP has been the subject of several other research reports. Zacks Investment Research raised Trupanion from a hold rating to a buy rating and set a $29.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity reaffirmed a buy rating and set a $35.00 price target (up previously from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Cowen and Company reaffirmed an outperform rating and set a $28.00 price target (up previously from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a buy rating and set a $24.00 price target (up previously from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Trupanion from a d rating to a c- rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $28.83.
Trupanion (TRUP) traded up $0.21 during trading on Friday, reaching $30.19. The company’s stock had a trading volume of 251,800 shares, compared to its average volume of 155,033. Trupanion has a 12 month low of $13.71 and a 12 month high of $33.00.
Trupanion (NYSE:TRUP) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) EPS.
In other Trupanion news, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $21.13, for a total value of $73,955.00. Following the completion of the sale, the insider now owns 1,449,505 shares in the company, valued at approximately $30,628,040.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tricia Plouf sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $32.11, for a total value of $32,110.00. Following the sale, the chief financial officer now owns 14,000 shares of the company’s stock, valued at approximately $449,540. The disclosure for this sale can be found here. Insiders sold a total of 124,900 shares of company stock valued at $3,162,462 in the last 90 days.
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Trupanion during the 3rd quarter worth about $143,000. American International Group Inc. lifted its position 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 acquiring an additional 588 shares in the last quarter. Bank of Montreal Can lifted its position 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 acquiring an additional 6,834 shares in the last quarter. Voya Investment Management LLC acquired a new position in Trupanion during the 2nd quarter worth approximately $215,000. Finally, Wells Fargo & Company MN lifted its position 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 acquiring an additional 1,342 shares in the last quarter.
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.
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