Trupanion Inc (TRUP) Receives $28.83 Average Target Price from Analysts

Shares of Trupanion Inc (NASDAQ:TRUP) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $28.83.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded Trupanion from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. CL King assumed coverage on Trupanion in a report on Tuesday, November 21st. They set a “neutral” rating on the stock. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Trupanion in a report on Tuesday, October 31st.

In other Trupanion news, CFO Tricia Plouf sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $32.11, for a total transaction of $32,110.00. Following the completion of the sale, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at approximately $449,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Asher Bearman sold 4,039 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $28.40, for a total value of $114,707.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,539 shares of company stock valued at $780,673. Corporate insiders own 31.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hamilton Lane Advisors LLC boosted its stake in shares of Trupanion by 92.5% in the 4th quarter. Hamilton Lane Advisors LLC now owns 120,611 shares of the financial services provider’s stock worth $3,530,000 after buying an additional 57,971 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Trupanion by 11.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 88,774 shares of the financial services provider’s stock valued at $2,599,000 after purchasing an additional 9,318 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Trupanion by 199.3% in the fourth quarter. DAVENPORT & Co LLC now owns 188,770 shares of the financial services provider’s stock valued at $5,525,000 after purchasing an additional 125,707 shares during the last quarter. Nine Ten Capital Management LLC lifted its stake in Trupanion by 3.4% in the third quarter. Nine Ten Capital Management LLC now owns 1,374,967 shares of the financial services provider’s stock valued at $36,313,000 after purchasing an additional 45,100 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Trupanion by 7.8% in the third quarter. California Public Employees Retirement System now owns 45,509 shares of the financial services provider’s stock valued at $1,202,000 after purchasing an additional 3,309 shares during the last quarter. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Trupanion (TRUP) traded down $0.37 during midday trading on Friday, hitting $33.45. The company had a trading volume of 73,964 shares, compared to its average volume of 226,507. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.87 and a current ratio of 1.87. Trupanion has a 12 month low of $13.88 and a 12 month high of $36.88. The firm has a market cap of $1,015.65, a P/E ratio of -371.57 and a beta of 0.34.

COPYRIGHT VIOLATION NOTICE: “Trupanion Inc (TRUP) Receives $28.83 Average Target Price from Analysts” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://sportsperspectives.com/2018/02/05/trupanion-inc-trup-receives-28-83-average-target-price-from-analysts.html.

About Trupanion

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)

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply