Trupanion Inc (TRUP) Given a $18.00 Price Target at RBC Capital Markets
Trupanion Inc (NYSE:TRUP) has been assigned a $18.00 price target by stock analysts at RBC Capital Markets in a research note issued to investors on Tuesday. The brokerage currently has a a “buy” rating on the stock. RBC Capital Markets’ price objective suggests a potential upside of 11.52% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 price target on shares of Trupanion in a research report on Thursday, August 4th. Stifel Nicolaus increased their target price on shares of Trupanion from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Lake Street Capital initiated coverage on shares of Trupanion in a research report on Tuesday, July 19th. They set a “buy” rating and a $18.00 target price for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $15.75.
Shares of Trupanion (NYSE:TRUP) traded up 2.04% on Tuesday, hitting $16.47. 33,874 shares of the stock traded hands. The company’s market cap is $477.88 million. The stock has a 50 day moving average of $15.34 and a 200 day moving average of $13.42. Trupanion has a one year low of $6.27 and a one year high of $17.68.
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Trupanion (NYSE:TRUP) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. The business earned $45.83 million during the quarter, compared to analysts’ expectations of $45.05 million. During the same period in the previous year, the company posted ($0.17) EPS. Trupanion’s revenue for the quarter was up 28.8% on a year-over-year basis. Equities analysts anticipate that Trupanion will post ($0.22) earnings per share for the current year.
In other Trupanion news, Director Howard E. Rubin sold 16,300 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $15.01, for a total transaction of $244,663.00. Following the transaction, the director now owns 110,000 shares in the company, valued at approximately $1,651,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard E. Rubin sold 21,379 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $14.95, for a total transaction of $319,616.05. Following the transaction, the director now owns 146,579 shares in the company, valued at approximately $2,191,356.05. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. Spark Investment Management LLC bought a new position in shares of Trupanion during the first quarter worth about $532,000. Renaissance Technologies LLC raised its position in shares of Trupanion by 61.9% in the first quarter. Renaissance Technologies LLC now owns 115,600 shares of the company’s stock worth $1,139,000 after buying an additional 44,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Trupanion by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 128,636 shares of the company’s stock worth $1,267,000 after buying an additional 5,131 shares during the last quarter. State Street Corp raised its position in shares of Trupanion by 33.4% in the first quarter. State Street Corp now owns 132,835 shares of the company’s stock worth $1,308,000 after buying an additional 33,286 shares during the last quarter. Finally, RMB Capital Management LLC bought a new position in shares of Trupanion during the second quarter worth about $1,642,000.
Trupanion, Inc provides a medical insurance plan for cats and dogs across the United States, Canada and Puerto Rico. The Company operates through two segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan, which are marketed directly to consumers.
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