Trupanion (TRUP) Given New $41.00 Price Target at Lake Street Capital

Trupanion (NASDAQ:TRUP) had its price target hoisted by investment analysts at Lake Street Capital from $32.00 to $41.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Lake Street Capital’s price target would suggest a potential upside of 31.12% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Cowen reaffirmed an “outperform” rating and issued a $38.00 price objective (up from $32.00) on shares of Trupanion in a research note on Wednesday. Stifel Nicolaus upped their price objective on shares of Trupanion from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Northland Securities reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Trupanion in a research note on Thursday, February 8th. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, CL King began coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.57.

Shares of Trupanion (NASDAQ:TRUP) opened at $31.27 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87. Trupanion has a 12 month low of $13.88 and a 12 month high of $36.88. The company has a market cap of $935.74, a price-to-earnings ratio of -347.41 and a beta of 0.34.

In related news, insider Asher Bearman sold 4,039 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $28.40, for a total transaction of $114,707.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Ian Moffat sold 7,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.06, for a total transaction of $210,420.00. Following the transaction, the chief operating officer now directly owns 7,000 shares in the company, valued at $210,420. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,039 shares of company stock worth $775,403. 31.24% of the stock is owned by insiders.

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

TRADEMARK VIOLATION WARNING: “Trupanion (TRUP) Given New $41.00 Price Target at Lake Street Capital” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/14/trupanion-trup-given-new-41-00-price-target-at-lake-street-capital.html.

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)

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

Leave a Reply