Trupanion (NASDAQ:TRUP) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Finally, CL King started coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.83.

Trupanion (NASDAQ TRUP) traded down $0.12 during trading on Tuesday, hitting $29.63. 96,700 shares of the stock traded hands, compared to its average volume of 162,344. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. Trupanion has a 1 year low of $13.71 and a 1 year high of $33.00.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. sell-side analysts predict that Trupanion will post -0.04 EPS for the current year.

In other news, CFO Tricia Plouf sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $32.11, for a total transaction of $32,110.00. Following the transaction, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at $449,540. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Murray B. Low sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $31.14, for a total value of $93,420.00. Following the transaction, the director now directly owns 197,281 shares in the company, valued at $6,143,330.34. The disclosure for this sale can be found here. Insiders sold 118,539 shares of company stock valued at $3,123,783 in the last three months. 31.24% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Trupanion during the third quarter worth $143,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Trupanion during the third quarter worth $221,000. Bank of Montreal Can increased its position in shares of Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 6,834 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Trupanion during the second quarter worth $215,000. Finally, Wells Fargo & Company MN increased its position in shares of Trupanion by 13.5% during the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,342 shares in the last quarter. 63.25% of the stock is currently owned by institutional investors and hedge funds.

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About Trupanion

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 (NASDAQ:TRUP)

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