Trupanion Inc (NYSE:TRUP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also commented on the company. Northland Securities started coverage on Trupanion in a research report on Friday, May 26th. They issued an “outperform” rating and a $22.75 price target on the stock. Cowen and Company reiterated a “buy” rating and issued a $19.00 price target on shares of Trupanion in a research report on Friday, July 14th. Zacks Investment Research upgraded Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine upgraded Trupanion from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $24.50.

Trupanion (TRUP) opened at 21.97 on Thursday. The firm’s 50-day moving average price is $22.68 and its 200-day moving average price is $18.94. Trupanion has a one year low of $13.71 and a one year high of $25.00. The company’s market cap is $658.99 million.

Trupanion (NYSE:TRUP) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $57.58 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business’s revenue was up 27.3% on a year-over-year basis. On average, equities research analysts forecast that Trupanion will post ($0.10) earnings per share for the current fiscal year.

WARNING: “Trupanion Inc (TRUP) Downgraded by BidaskClub to Sell” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/10/trupanion-inc-trup-downgraded-by-bidaskclub-to-sell.html.

In related news, insider Margaret Tooth sold 4,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $23.00, for a total transaction of $103,500.00. Following the sale, the insider now owns 4,502 shares in the company, valued at approximately $103,546. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $21.28, for a total value of $74,480.00. Following the sale, the insider now owns 1,467,005 shares in the company, valued at approximately $31,217,866.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,052 shares of company stock worth $1,220,809.

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of Trupanion by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 200 shares in the last quarter. American International Group Inc. boosted its position in shares of Trupanion by 7.1% during the 1st quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 588 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Trupanion by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,342 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Trupanion by 3.7% during the 2nd quarter. California Public Employees Retirement System now owns 42,200 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Grand Jean Capital Management Inc. boosted its position in shares of Trupanion by 1.5% during the 2nd quarter. Grand Jean Capital Management Inc. now owns 269,289 shares of the financial services provider’s stock valued at $6,027,000 after purchasing an additional 4,105 shares in the last quarter.

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)

Receive News & Ratings for Trupanion Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion Inc and related companies with MarketBeat.com's FREE daily email newsletter.