ValuEngine cut shares of Trupanion (NASDAQ:TRUP) from a strong-buy rating to a buy rating in a research note released on Friday, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. Craig Hallum cut Trupanion from a buy rating to a hold rating and set a $29.00 price target on the stock. in a report on Friday. Royal Bank of Canada set a $38.00 price target on Trupanion and gave the company a buy rating in a report on Wednesday, July 31st. Northland Securities reiterated a buy rating and issued a $40.00 price target on shares of Trupanion in a report on Wednesday, July 31st. TheStreet cut Trupanion from a c rating to a d+ rating in a report on Tuesday, July 30th. Finally, Guggenheim initiated coverage on Trupanion in a report on Thursday, May 23rd. They issued a buy rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Trupanion currently has a consensus rating of Buy and an average price target of $38.71.

Trupanion stock traded down $2.86 during mid-day trading on Friday, hitting $26.33. The stock had a trading volume of 949,800 shares, compared to its average volume of 209,787. The stock has a 50-day simple moving average of $33.08 and a two-hundred day simple moving average of $31.85. Trupanion has a 12 month low of $22.38 and a 12 month high of $40.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.80.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $92.20 million during the quarter, compared to the consensus estimate of $91.17 million. Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. Trupanion’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. As a group, research analysts anticipate that Trupanion will post -0.12 earnings per share for the current year.

In other Trupanion news, insider Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $30.18, for a total transaction of $120,720.00. Following the transaction, the insider now owns 1,473,759 shares in the company, valued at $44,478,046.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dan Levitan sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $29.56, for a total value of $443,400.00. Following the transaction, the director now owns 73,487 shares in the company, valued at approximately $2,172,275.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,850 shares of company stock worth $1,510,083. Company insiders own 13.61% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Trupanion by 5.6% during the second quarter. BlackRock Inc. now owns 1,898,456 shares of the financial services provider’s stock worth $68,592,000 after buying an additional 100,432 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Trupanion by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,569 shares of the financial services provider’s stock valued at $50,603,000 after purchasing an additional 44,716 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Trupanion by 3.0% during the 1st quarter. Baillie Gifford & Co. now owns 1,332,260 shares of the financial services provider’s stock valued at $43,618,000 after purchasing an additional 39,219 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Trupanion by 38.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock valued at $39,959,000 after purchasing an additional 339,812 shares in the last quarter. Finally, RV Capital GmbH lifted its holdings in shares of Trupanion by 3.0% during the 1st quarter. RV Capital GmbH now owns 608,400 shares of the financial services provider’s stock valued at $19,919,000 after purchasing an additional 17,700 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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