Trupanion Inc (TRUP) Given a $18.00 Price Target by RBC Capital Markets Analysts
Trupanion Inc (NYSE:TRUP) received a $18.00 price objective from equities research analysts at RBC Capital Markets in a research report issued to clients and investors on Tuesday. The firm currently has a a “buy” rating on the stock. RBC Capital Markets’ price target would suggest a potential upside of 11.52% from the company’s previous close.
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective on shares of Trupanion in a research report on Thursday, August 4th. Stifel Nicolaus raised their price objective 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 downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Lake Street Capital assumed coverage on shares of Trupanion in a research report on Tuesday, July 19th. They issued a “buy” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $15.75.
Trupanion (NYSE:TRUP) traded up 1.36% during midday trading on Tuesday, hitting $16.36. The stock had a trading volume of 31,874 shares. Trupanion has a 12-month low of $6.27 and a 12-month high of $17.68. The stock has a 50-day moving average price of $15.34 and a 200 day moving average price of $13.42. The firm’s market cap is $474.69 million.
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Trupanion (NYSE:TRUP) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. The firm earned $45.83 million during the quarter, compared to analyst estimates of $45.05 million. Trupanion’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, equities analysts anticipate that Trupanion will post ($0.22) earnings per share for the current fiscal year.
In other news, Director Howard E. Rubin sold 33,574 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $15.00, for a total transaction of $503,610.00. Following the completion of the transaction, the director now directly owns 105,126 shares of the company’s stock, valued at approximately $1,576,890. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Howard E. Rubin sold 19,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $15.07, for a total transaction of $294,166.40. Following the transaction, the director now directly owns 185,126 shares of the company’s stock, valued at $2,789,848.82. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently modified their holdings of TRUP. Immersion Capital LLP acquired a new position in shares of Trupanion during the second quarter worth $18,374,000. Vanguard Group Inc. boosted its position in shares of Trupanion by 8.1% in the second quarter. Vanguard Group Inc. now owns 545,545 shares of the company’s stock worth $7,228,000 after buying an additional 41,036 shares during the period. Grand Jean Capital Management Inc. boosted its position in shares of Trupanion by 37.0% in the first quarter. Grand Jean Capital Management Inc. now owns 277,536 shares of the company’s stock worth $2,734,000 after buying an additional 74,932 shares during the period. State Street Corp boosted its position in shares of Trupanion by 50.5% in the second quarter. State Street Corp now owns 199,861 shares of the company’s stock worth $2,650,000 after buying an additional 67,026 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Trupanion by 15.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 149,097 shares of the company’s stock worth $1,976,000 after buying an additional 20,461 shares during the period.
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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