Trupanion Inc (NASDAQ:TRUP) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,243,952 shares, an increase of 30.5% from the February 15th total of 4,019,568 shares. Approximately 37.4% of the company’s shares are sold short. Based on an average daily volume of 364,345 shares, the short-interest ratio is presently 14.4 days.
In other news, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $31.93, for a total value of $111,755.00. Following the completion of the sale, the insider now directly owns 1,375,976 shares of the company’s stock, valued at approximately $43,934,913.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Murray B. Low sold 3,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.42, for a total transaction of $85,260.00. Following the completion of the transaction, the director now owns 194,281 shares of the company’s stock, valued at $5,521,466.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,000 shares of company stock valued at $746,760. Corporate insiders own 31.24% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new stake in Trupanion during the 4th quarter valued at about $494,000. MetLife Investment Advisors LLC bought a new stake in Trupanion during the 4th quarter valued at about $324,000. PEAK6 Investments L.P. bought a new stake in Trupanion during the 4th quarter valued at about $289,000. Millennium Management LLC bought a new stake in Trupanion during the 4th quarter valued at about $6,851,000. Finally, Nine Ten Capital Management LLC increased its stake in Trupanion by 0.7% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,384,867 shares of the financial services provider’s stock valued at $40,535,000 after purchasing an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 74.75% of the company’s stock.
Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $66.55 million for the quarter, compared to the consensus estimate of $65.60 million. Trupanion had a negative net margin of 0.62% and a negative return on equity of 6.66%. analysts anticipate that Trupanion will post -0.05 earnings per share for the current year.
TRUP has been the subject of several research reports. Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Lake Street Capital increased their price target on shares of Trupanion from $32.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. CL King initiated coverage on shares of Trupanion in a research note on Tuesday, November 21st. They issued a “neutral” rating for the company. BidaskClub upgraded shares of Trupanion from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $34.00 price target (up from $33.00) on shares of Trupanion in a research note on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Trupanion has a consensus rating of “Buy” and an average target price of $35.57.
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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.
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