Trupanion Inc (TRUP) Cut to Hold at Zacks Investment Research
According to Zacks, “Trupanion, Inc. operates as a direct-to-consumer monthly subscription service provider of a medical insurance plan for cats and dogs. It operates primarily in Canada, Puerto Rico, and the United States. The Company serves pet owners and veterinarians. Trupanion, Inc. is headquartered in Seattle, Washington. “
Several other research analysts also recently weighed in on TRUP. Stifel Nicolaus boosted their target price on shares of Trupanion from $17.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, August 3rd. RBC Capital Markets reissued an outperform rating and issued a $18.00 target price (up previously from $14.00) on shares of Trupanion in a research note on Wednesday, August 3rd. Finally, Canaccord Genuity reissued a buy rating and issued a $19.00 target price on shares of Trupanion in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $16.00.
Trupanion (NYSE:TRUP) opened at 16.89 on Friday. Trupanion has a 1-year low of $7.61 and a 1-year high of $17.68. The stock’s market cap is $494.08 million. The stock has a 50 day moving average of $16.17 and a 200 day moving average of $15.21.
Trupanion (NYSE:TRUP) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business earned $48.40 million during the quarter, compared to analysts’ expectations of $48.17 million. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Trupanion’s quarterly revenue was up 27.7% on a year-over-year basis. Equities analysts expect that Trupanion will post ($0.23) earnings per share for the current year.
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In other news, insider Darryl Rawlings sold 3,500 shares of the business’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $16.15, for a total transaction of $56,525.00. Following the completion of the sale, the insider now owns 1,523,005 shares in the company, valued at approximately $24,596,530.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard E. Rubin sold 8,706 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $17.00, for a total value of $148,002.00. Following the sale, the director now owns 41,294 shares of the company’s stock, valued at approximately $701,998. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of TRUP. Capital World Investors boosted its stake in shares of Trupanion by 1.5% in the third quarter. Capital World Investors now owns 2,290,500 shares of the company’s stock worth $38,709,000 after buying an additional 33,000 shares during the last quarter. Immersion Capital LLP purchased a new stake in shares of Trupanion during the second quarter worth about $18,374,000. Vanguard Group Inc. boosted its stake in shares of Trupanion by 8.1% in the second quarter. Vanguard Group Inc. now owns 545,545 shares of the company’s stock worth $7,228,000 after buying an additional 41,036 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Trupanion by 6.1% in the third quarter. BlackRock Fund Advisors now owns 402,866 shares of the company’s stock worth $6,808,000 after buying an additional 23,269 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Trupanion by 50.5% in the second quarter. State Street Corp now owns 199,861 shares of the company’s stock worth $2,650,000 after buying an additional 67,026 shares during the last quarter.
Trupanion, Inc provides a medical insurance plan for cats and dogs across the United States, Canada and Puerto Rico. The Company operates through two segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan, which are marketed directly to consumers.
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