Trupanion Inc (TRUP) Receives Consensus Rating of “Buy” from Brokerages
Shares of Trupanion Inc (NYSE:TRUP) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.57.
A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Trupanion from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $19.00 target price on shares of Trupanion in a research report on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $18.00 target price (up previously from $14.00) on shares of Trupanion 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 assumed coverage on shares of Trupanion in a research report on Tuesday, July 19th. They issued a “buy” rating and a $18.00 target price on the stock.
Shares of Trupanion (NYSE:TRUP) traded up 0.06% during trading on Thursday, hitting $16.00. 71,995 shares of the stock traded hands. Trupanion has a 12 month low of $6.27 and a 12 month high of $17.68. The company has a 50 day moving average price of $16.00 and a 200 day moving average price of $14.16. The firm’s market cap is $464.24 million.
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Trupanion (NYSE:TRUP) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The company had revenue of $45.83 million for the quarter, compared to analysts’ expectations of $45.05 million. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) EPS. Analysts anticipate that Trupanion will post ($0.22) earnings per share for the current fiscal year.
In other Trupanion news, CEO Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $16.21, for a total value of $56,735.00. Following the sale, the chief executive officer now owns 1,526,505 shares of the company’s stock, valued at approximately $24,744,646.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Howard E. Rubin sold 75,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $16.56, for a total transaction of $1,242,000.00. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at approximately $1,656,000. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in the company. Spark Investment Management LLC purchased a new stake in shares of Trupanion during the first quarter worth about $532,000. State Street Corp raised its stake 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 period. Geode Capital Management LLC raised its stake in shares of Trupanion by 1.0% in the first quarter. Geode Capital Management LLC now owns 90,991 shares of the company’s stock worth $896,000 after buying an additional 857 shares during the period. Grand Jean Capital Management Inc. raised its stake 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. Finally, Renaissance Technologies LLC raised its stake 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 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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