BidaskClub downgraded shares of Trupanion (NASDAQ:TRUP) from a strong-buy rating to a buy rating in a research report report published on Saturday, BidAskClub reports.

A number of other analysts have also recently weighed in on the stock. Craig Hallum set a $20.00 target price on shares of Trupanion and gave the stock a hold rating in a report on Friday, October 11th. Guggenheim increased their target price on shares of Trupanion from $35.00 to $36.00 and gave the stock a buy rating in a report on Monday, November 18th. TheStreet raised shares of Trupanion from a d+ rating to a c- rating in a report on Tuesday, November 26th. Stifel Nicolaus cut shares of Trupanion from a buy rating to a hold rating and increased their target price for the stock from $32.00 to $38.00 in a report on Wednesday, January 8th. Finally, Northland Securities reissued a buy rating and set a $40.00 target price on shares of Trupanion in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Trupanion has an average rating of Buy and a consensus price target of $34.67.

Shares of NASDAQ:TRUP opened at $30.92 on Friday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -1,030.67 and a beta of 1.71. Trupanion has a 1-year low of $20.84 and a 1-year high of $38.06. The company’s fifty day moving average is $34.79 and its two-hundred day moving average is $29.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.77.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The company had revenue of $99.28 million for the quarter, compared to analysts’ expectations of $97.24 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 2.08%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. Sell-side analysts expect that Trupanion will post -0.07 EPS for the current fiscal year.

In other news, Director Robin A. Ferracone acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $31.50 per share, with a total value of $315,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $31.26, for a total transaction of $125,040.00. Following the completion of the sale, the chief executive officer now directly owns 1,446,499 shares in the company, valued at approximately $45,217,558.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,300 shares of company stock worth $956,497. Corporate insiders own 13.61% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in shares of Trupanion by 6.0% in the 2nd quarter. US Bancorp DE now owns 6,145 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 350 shares during the period. Metropolitan Life Insurance Co NY grew its position in Trupanion by 21.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 9,413 shares of the financial services provider’s stock valued at $239,000 after buying an additional 1,661 shares in the last quarter. O Brien Greene & Co. Inc grew its position in Trupanion by 10.0% in the 2nd quarter. O Brien Greene & Co. Inc now owns 22,000 shares of the financial services provider’s stock valued at $795,000 after buying an additional 2,000 shares in the last quarter. BBR Partners LLC grew its position in Trupanion by 18.3% in the 2nd quarter. BBR Partners LLC now owns 35,499 shares of the financial services provider’s stock valued at $1,283,000 after buying an additional 5,499 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in Trupanion by 9.8% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 37,818 shares of the financial services provider’s stock valued at $1,366,000 after buying an additional 3,388 shares in the last quarter. 94.25% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Recession

Analyst Recommendations for Trupanion (NASDAQ:TRUP)

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.