Trupanion Inc (NASDAQ:TRUP)’s share price dropped 18.9% on Friday . The company traded as low as $28.50 and last traded at $29.40, approximately 2,011,543 shares were traded during trading. An increase of 510% from the average daily volume of 329,740 shares. The stock had previously closed at $36.27.

Several equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Trupanion from a “d+” rating to a “c-” rating in a report on Tuesday, November 26th. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Tuesday, January 14th. Northland Securities reissued a “buy” rating and set a $40.00 price target on shares of Trupanion in a report on Wednesday, November 6th. Finally, Canaccord Genuity restated a “buy” rating and issued a $44.00 price target on shares of Trupanion in a research note on Friday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Trupanion has a consensus rating of “Buy” and an average price target of $36.00.

The company’s 50 day moving average price is $33.90 and its two-hundred day moving average price is $29.72. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.19 billion, a P/E ratio of -326.67 and a beta of 1.76.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $105.48 million for the quarter, compared to the consensus estimate of $104.92 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 2.08%. On average, sell-side analysts anticipate that Trupanion Inc will post -0.07 earnings per share for the current year.

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $33.22, for a total transaction of $132,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tricia Plouf sold 1,600 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $35.00, for a total value of $56,000.00. Following the completion of the sale, the chief financial officer now owns 8,060 shares of the company’s stock, valued at approximately $282,100. The disclosure for this sale can be found here. Insiders sold 29,300 shares of company stock worth $1,007,207 over the last quarter. Insiders own 13.61% of the company’s stock.

Several hedge funds have recently bought and sold shares of TRUP. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Trupanion by 165.3% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 459,752 shares of the financial services provider’s stock valued at $11,687,000 after acquiring an additional 286,425 shares during the period. Karani Asset Management LLC purchased a new position in Trupanion during the fourth quarter valued at approximately $6,070,000. Handelsbanken Fonder AB lifted its holdings in Trupanion by 33.3% during the fourth quarter. Handelsbanken Fonder AB now owns 500,000 shares of the financial services provider’s stock valued at $18,730,000 after purchasing an additional 125,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Trupanion during the second quarter valued at approximately $4,142,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Trupanion by 31.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 379,088 shares of the financial services provider’s stock worth $14,201,000 after purchasing an additional 90,420 shares during the period. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

Trupanion Company Profile (NASDAQ:TRUP)

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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