BidaskClub downgraded shares of Trupanion (NASDAQ:TRUP) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other research analysts have also recently commented on TRUP. ValuEngine cut Trupanion from a strong-buy rating to a buy rating in a report on Thursday, October 4th. Canaccord Genuity boosted their price target on Trupanion from $40.00 to $46.00 and gave the stock a buy rating in a report on Friday, August 3rd. Lake Street Capital reissued a buy rating and issued a $46.00 price target (up from $41.00) on shares of Trupanion in a report on Friday, August 3rd. Stifel Nicolaus boosted their price target on Trupanion from $34.00 to $40.00 and gave the stock a buy rating in a report on Tuesday, July 10th. Finally, Craig Hallum began coverage on Trupanion in a report on Thursday, July 19th. They issued a buy rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $45.22.

NASDAQ TRUP opened at $29.63 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.04 and a current ratio of 3.04. Trupanion has a 12 month low of $25.50 and a 12 month high of $46.70. The company has a market capitalization of $1.17 billion, a P/E ratio of -423.29 and a beta of 0.60.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. Trupanion had a negative return on equity of 4.43% and a negative net margin of 0.84%. The company had revenue of $73.39 million for the quarter, compared to analysts’ expectations of $72.70 million. During the same period in the previous year, the firm earned ($0.02) EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, equities analysts forecast that Trupanion will post -0.08 earnings per share for the current year.

In other news, Director Murray B. Low sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $38.12, for a total transaction of $114,360.00. Following the sale, the director now directly owns 189,782 shares of the company’s stock, valued at approximately $7,234,489.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $38.18, for a total value of $152,720.00. Following the sale, the chief executive officer now directly owns 1,293,989 shares in the company, valued at $49,404,500.02. The disclosure for this sale can be found here. Insiders have sold a total of 23,450 shares of company stock worth $901,839 over the last ninety days. Insiders own 20.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Boston Advisors LLC raised its holdings in shares of Trupanion by 16.2% during the 2nd quarter. Boston Advisors LLC now owns 8,070 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 1,127 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Trupanion by 15.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,322 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 1,811 shares in the last quarter. Swiss National Bank raised its holdings in shares of Trupanion by 6.3% during the 1st quarter. Swiss National Bank now owns 33,910 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 2,000 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Trupanion by 9.9% during the 2nd quarter. Rhumbline Advisers now owns 22,407 shares of the financial services provider’s stock worth $865,000 after acquiring an additional 2,015 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Trupanion by 111.8% during the 2nd quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 2,382 shares in the last quarter. 93.92% of the stock is currently owned by institutional investors and hedge funds.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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