Trupanion (TRUP) Trading 9% Higher
Shares of Trupanion, Inc. (NASDAQ:TRUP) traded up 9% during mid-day trading on Thursday . The company traded as high as $35.06 and last traded at $35.04. 522,354 shares were traded during trading, an increase of 126% from the average session volume of 230,807 shares. The stock had previously closed at $32.16.
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Canaccord Genuity reissued a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Trupanion in a research note on Tuesday, October 31st. Finally, CL King assumed coverage on shares of Trupanion in a research note on Tuesday, November 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.83.
The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.15. The firm has a market cap of $997.32, a price-to-earnings ratio of -389.33 and a beta of 0.14.
Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. equities analysts predict that Trupanion, Inc. will post -0.04 earnings per share for the current fiscal year.
In related news, COO Ian Moffat sold 7,000 shares of Trupanion stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.06, for a total value of $210,420.00. Following the completion of the sale, the chief operating officer now directly owns 7,000 shares in the company, valued at $210,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.11, for a total value of $32,110.00. Following the completion of the sale, the chief financial officer now owns 14,000 shares of the company’s stock, valued at $449,540. The disclosure for this sale can be found here. Insiders sold 22,039 shares of company stock valued at $661,393 over the last 90 days. 31.24% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TRUP. JPMorgan Chase & Co. bought a new position in Trupanion in the third quarter worth about $143,000. Voya Investment Management LLC bought a new position in Trupanion in the second quarter worth about $215,000. Oppenheimer Asset Management Inc. bought a new position in Trupanion in the third quarter worth about $221,000. Wells Fargo & Company MN raised its holdings in Trupanion by 13.5% in the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in Trupanion by 52.7% in the second quarter. Nationwide Fund Advisors now owns 12,694 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 4,380 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.
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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.
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