Shares of Trupanion, Inc. (NASDAQ:TRUP) have received a consensus rating of “Buy” from the ten analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $28.83.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. Finally, CL King began coverage on shares of Trupanion in a report on Tuesday, November 21st. They issued a “neutral” rating for the company.

In related news, Director Howard E. Rubin sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.90, for a total value of $2,590,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Asher Bearman sold 4,039 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $28.40, for a total transaction of $114,707.60. The disclosure for this sale can be found here. In the last three months, insiders sold 118,539 shares of company stock valued at $3,123,783. 31.24% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in Trupanion in the third quarter valued at approximately $143,000. Bank of Montreal Can boosted its stake in Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 6,834 shares during the last quarter. Voya Investment Management LLC bought a new position in Trupanion in the second quarter valued at approximately $215,000. Oppenheimer Asset Management Inc. bought a new position in Trupanion in the third quarter valued at approximately $221,000. Finally, Alliancebernstein L.P. boosted its stake in Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 200 shares during the last quarter. 63.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Trupanion (NASDAQ:TRUP) opened at $31.66 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.87 and a current ratio of 1.87. Trupanion has a fifty-two week low of $13.71 and a fifty-two week high of $33.00.

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

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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 (NASDAQ:TRUP)

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