Trupanion Inc (NYSE:TRUP) had its price objective boosted by Royal Bank Of Canada from $19.00 to $26.00 in a research note published on Wednesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Trupanion from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. TheStreet raised shares of Trupanion from a d rating to a c- rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of Trupanion from a sell rating to a hold rating in a research note on Tuesday, July 18th. Cowen and Company reaffirmed a buy rating and issued a $19.00 target price on shares of Trupanion in a research note on Friday, July 14th. Finally, Northland Securities set a $23.00 target price on shares of Trupanion and gave the company a buy rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Trupanion currently has an average rating of Buy and an average target price of $24.50.

Trupanion (TRUP) traded down 0.39% during trading on Wednesday, reaching $23.15. 174,289 shares of the company were exchanged. The company’s market capitalization is $694.38 million. The firm’s 50-day moving average is $22.42 and its 200 day moving average is $17.72. Trupanion has a one year low of $13.71 and a one year high of $24.92.

Trupanion (NYSE:TRUP) last announced its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a negative net margin of 2.71% and a negative return on equity of 13.24%. Trupanion’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the firm posted ($0.03) earnings per share. On average, analysts anticipate that Trupanion will post ($0.12) EPS for the current fiscal year.

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In other Trupanion news, major shareholder General Partner Ll Maveron III sold 6,083 shares of Trupanion stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $16.89, for a total transaction of $102,741.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $22.51, for a total transaction of $78,785.00. Following the transaction, the insider now directly owns 1,460,005 shares in the company, valued at $32,864,712.55. The disclosure for this sale can be found here. Insiders have sold 23,583 shares of company stock worth $466,917 over the last three months.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Trupanion during the first quarter valued at approximately $194,000. American International Group Inc. increased its position in Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after buying an additional 588 shares during the period. Grand Jean Capital Management Inc. increased its position in Trupanion by 4.8% in the first quarter. Grand Jean Capital Management Inc. now owns 265,184 shares of the financial services provider’s stock valued at $3,771,000 after buying an additional 12,200 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in Trupanion during the first quarter valued at approximately $427,000. Finally, Handelsbanken Fonder AB acquired a new position in Trupanion during the first quarter valued at approximately $6,399,000.

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 (NYSE:TRUP)

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