Trupanion (TRUP) Rating Increased to Hold at BidaskClub

Trupanion (NASDAQ:TRUP) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and set a $35.00 price objective (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. Finally, CL King began coverage on Trupanion in a report on Tuesday, November 21st. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Trupanion currently has a consensus rating of “Buy” and an average price target of $28.83.

Trupanion (NASDAQ:TRUP) traded up $0.35 on Tuesday, hitting $32.01. The stock had a trading volume of 102,080 shares, compared to its average volume of 162,575. Trupanion has a 12 month low of $13.71 and a 12 month high of $33.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87.

Trupanion (NASDAQ:TRUP) last posted 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. Trupanion had a negative return on equity of 7.41% and a negative net margin of 1.05%. The company had revenue of $63.12 million during the quarter, compared to analysts’ expectations of $61.44 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Trupanion’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts predict that Trupanion will post -0.04 EPS for the current year.

In related news, Director Murray B. Low sold 3,000 shares of Trupanion stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $31.14, for a total value of $93,420.00. Following the completion of the sale, the director now directly owns 197,281 shares in the company, valued at $6,143,330.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction dated Tuesday, November 7th. The stock was 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. Over the last quarter, insiders sold 118,539 shares of company stock valued at $3,123,783. Corporate insiders own 31.24% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TRUP. JPMorgan Chase & Co. bought a new position in Trupanion during the third quarter worth about $143,000. Bank of Montreal Can boosted its holdings in Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares during the last quarter. Voya Investment Management LLC bought a new position in Trupanion during the second quarter worth about $215,000. Oppenheimer Asset Management Inc. bought a new position in Trupanion during the third quarter worth about $221,000. Finally, Alliancebernstein L.P. boosted its holdings in Trupanion by 1.2% during the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.

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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 (NASDAQ:TRUP)

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