Trupanion Inc (TRUP) PT Raised to $26.00 at Royal Bank Of Canada
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.
ILLEGAL ACTIVITY WARNING: This article was reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/05/trupanion-inc-trup-pt-raised-to-26-00-at-royal-bank-of-canada.html.
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.
Receive News & Ratings for Trupanion Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion Inc and related companies with MarketBeat.com's FREE daily email newsletter.