Trupanion (TRUP) Earns Buy Rating from Stifel Nicolaus

Trupanion (NASDAQ:TRUP)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a report released on Wednesday, MarketBeat.com reports. They presently have a $34.00 target price on the financial services provider’s stock, up from their previous target price of $33.00. Stifel Nicolaus’ price target indicates a potential upside of 9.18% from the company’s current price.

Several other analysts also recently weighed in on the stock. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. CL King started coverage on shares of Trupanion in a research report on Tuesday, November 21st. They issued a “neutral” rating on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Trupanion in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Trupanion from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, November 8th. Finally, Northland Securities reiterated a “buy” rating and issued a $38.00 price objective on shares of Trupanion in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Trupanion presently has a consensus rating of “Buy” and an average target price of $35.57.

Trupanion (NASDAQ:TRUP) opened at $31.14 on Wednesday. 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 52-week low of $13.88 and a 52-week high of $36.88.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Trupanion had a negative return on equity of 6.72% and a negative net margin of 0.62%. The business had revenue of $66.55 million during the quarter, compared to the consensus estimate of $65.60 million. research analysts forecast that Trupanion will post 0.03 EPS for the current year.

In other Trupanion news, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $34.36, for a total transaction of $120,260.00. Following the transaction, the insider now owns 1,382,976 shares of the company’s stock, valued at approximately $47,519,055.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Asher Bearman sold 4,039 shares of the firm’s stock in a transaction dated 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 have sold 25,039 shares of company stock worth $775,403. 31.24% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in TRUP. Schwab Charles Investment Management Inc. increased its stake in Trupanion by 75.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 37,300 shares of the financial services provider’s stock valued at $835,000 after buying an additional 16,000 shares during the period. Bank of New York Mellon Corp increased its stake in Trupanion by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,800 shares of the financial services provider’s stock valued at $1,674,000 after buying an additional 17,809 shares during the period. Swiss National Bank increased its stake in Trupanion by 21.7% during the 2nd quarter. Swiss National Bank now owns 31,910 shares of the financial services provider’s stock valued at $714,000 after buying an additional 5,700 shares during the period. Wells Fargo & Company MN increased its stake in 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 buying an additional 1,342 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Trupanion by 11.4% during the 2nd quarter. Alliancebernstein L.P. now owns 18,600 shares of the financial services provider’s stock valued at $416,000 after buying an additional 1,900 shares during the period. 63.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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