Trupanion’s Quiet Period Will Expire on August 27th (NASDAQ:TRUP)
Trupanion’s (NASDAQ:TRUP) quiet period will expire on Wednesday, August 27th. Trupanion had issued 7,125,000 shares in its initial public offering on July 18th, American Banking & Market News reports. The total size of the offering was $71,250,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of research firms have recently commented on TRUP. Analysts at Cowen and Company initiated coverage on shares of Trupanion in a research note on Tuesday, August 12th. They set an “outperform” rating and a $12.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Trupanion in a research note on Tuesday, August 12th. They set a “buy” rating and a $13.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Trupanion in a research note on Tuesday, August 12th. They set an “overweight” rating and a $15.00 price target on the stock. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $14.40.
Shares of Trupanion (NASDAQ:TRUP) remained flat at $9.12 during trading on Friday. 731 shares of the company’s stock traded hands. Trupanion has a 52 week low of $8.50 and a 52 week high of $11.95. The stock’s 50-day moving average is $10.00 and its 200-day moving average is $10.00. The company’s market cap is $242.2 million.
Trupanion, Inc, is a direct-to-consumer monthly subscription service providing a medical insurance plan for cats and dogs throughout the United States, Canada and Puerto Rico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.