Trupanion Inc (NYSE:TRUP) Downgraded by BidaskClub to Hold
Trupanion Inc (NYSE:TRUP) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Other research analysts have also recently issued reports about the company. Canaccord Genuity lifted their price objective on Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and set a $19.00 price objective on shares of Trupanion in a report on Friday, July 14th. Northland Securities set a $23.00 price objective on Trupanion and gave the company a “buy” rating in a report on Thursday, July 6th. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price objective (up from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Finally, TheStreet raised Trupanion from a “d” rating to a “c-” rating in a report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.50.
Trupanion (NYSE:TRUP) traded down 0.44% during trading on Tuesday, hitting $22.79. 32,294 shares of the stock traded hands. Trupanion has a one year low of $13.71 and a one year high of $24.92. The stock’s market cap is $683.59 million. The company has a 50-day moving average price of $22.42 and a 200 day moving average price of $17.72.
Trupanion (NYSE:TRUP) last issued its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. Trupanion’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. Analysts expect that Trupanion will post ($0.12) earnings per share for the current year.
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In other news, major shareholder General Partner Ll Maveron III sold 6,083 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $16.89, for a total value of $102,741.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $16.90, for a total value of $59,150.00. Following the completion of the sale, the insider now owns 1,474,005 shares of the company’s stock, valued at $24,910,684.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,583 shares of company stock valued at $466,917.
Hedge funds have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after buying an additional 588 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Trupanion during the first quarter worth $194,000. Bank of Montreal Can raised its stake 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. Alliancebernstein L.P. raised its stake in shares of Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after buying an additional 200 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Trupanion by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 22,264 shares of the financial services provider’s stock worth $346,000 after buying an additional 73 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.
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