Trupanion Inc (NYSE:TRUP) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities research analysts have also recently commented on TRUP. Northland Securities assumed coverage on Trupanion in a research report on Friday, May 26th. They set an “outperform” rating and a $22.75 price objective on the stock. ValuEngine raised Trupanion from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed a “buy” rating and set a $19.00 price objective on shares of Trupanion in a research report on Friday, July 14th. TheStreet raised Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Trupanion has a consensus rating of “Buy” and a consensus target price of $19.33.

Trupanion (TRUP) traded down 0.25% during trading on Tuesday, reaching $23.68. 52,519 shares of the company’s stock were exchanged. Trupanion has a 12 month low of $13.71 and a 12 month high of $23.89. The firm has a 50 day moving average of $21.97 and a 200-day moving average of $17.33. The stock’s market cap is $704.72 million.

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In other news, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $22.51, for a total value of $78,785.00. Following the completion of the transaction, the insider now owns 1,460,005 shares in the company, valued at approximately $32,864,712.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder General Partner Ll Maveron III sold 6,083 shares of Trupanion stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $16.89, for a total value of $102,741.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,583 shares of company stock worth $466,917.

Several institutional investors have recently made changes to their positions in TRUP. Handelsinvest Investeringsforvaltning boosted its position in shares of Trupanion by 598.3% in the second quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 179,500 shares during the period. Bank of Montreal Can boosted its position in shares of Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Trupanion by 17.8% in the second quarter. Handelsbanken Fonder AB now owns 530,000 shares of the financial services provider’s stock worth $11,861,000 after buying an additional 80,000 shares during the period. Nine Ten Capital Management LLC boosted its position in shares of Trupanion by 53.4% in the first quarter. Nine Ten Capital Management LLC now owns 1,112,380 shares of the financial services provider’s stock worth $15,818,000 after buying an additional 387,320 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Trupanion by 30.0% in the first quarter. Renaissance Technologies LLC now owns 278,700 shares of the financial services provider’s stock worth $3,963,000 after buying an additional 64,300 shares during the period.

Trupanion Company Profile

Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.

Analyst Recommendations for Trupanion (NYSE:TRUP)

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