Trupanion (TRUP) Upgraded to Buy by ValuEngine

Trupanion (NASDAQ:TRUP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities analysts have also weighed in on the company. BidaskClub raised Trupanion from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. CL King raised Trupanion from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 2nd. Raymond James began coverage on Trupanion in a research report on Thursday, September 6th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, Lake Street Capital reissued a “buy” rating and issued a $46.00 target price (up previously from $41.00) on shares of Trupanion in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Trupanion has a consensus rating of “Buy” and a consensus price target of $45.22.

Shares of NASDAQ:TRUP opened at $27.79 on Friday. Trupanion has a fifty-two week low of $22.55 and a fifty-two week high of $46.70. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $873.65 million, a price-to-earnings ratio of -397.00 and a beta of 1.08.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, November 8th. The financial services provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. Trupanion had a negative return on equity of 4.43% and a negative net margin of 0.84%. The business had revenue of $78.16 million during the quarter, compared to analyst estimates of $77.70 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Trupanion’s revenue was up 23.8% on a year-over-year basis. Sell-side analysts forecast that Trupanion will post -0.08 earnings per share for the current year.

In other Trupanion news, insider Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $34.74, for a total transaction of $138,960.00. Following the completion of the sale, the insider now directly owns 1,285,989 shares in the company, valued at approximately $44,675,257.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 20,450 shares of company stock valued at $668,806. Corporate insiders own 20.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TRUP. Eagle Asset Management Inc. grew its stake in shares of Trupanion by 7,039.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 510,445 shares of the financial services provider’s stock valued at $18,238,000 after purchasing an additional 503,295 shares during the period. Wells Fargo & Company MN grew its stake in shares of Trupanion by 927.2% during the 3rd quarter. Wells Fargo & Company MN now owns 478,209 shares of the financial services provider’s stock valued at $17,087,000 after acquiring an additional 431,653 shares during the period. Morgan Stanley grew its stake in shares of Trupanion by 41.5% during the 2nd quarter. Morgan Stanley now owns 1,157,405 shares of the financial services provider’s stock valued at $44,675,000 after acquiring an additional 339,550 shares during the period. BlackRock Inc. grew its stake in shares of Trupanion by 21.3% during the 2nd quarter. BlackRock Inc. now owns 1,619,838 shares of the financial services provider’s stock valued at $62,525,000 after acquiring an additional 284,030 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Trupanion by 19.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,556,323 shares of the financial services provider’s stock valued at $55,607,000 after acquiring an additional 251,931 shares during the period. Institutional investors and hedge funds own 93.62% of the company’s stock.

Trupanion Company Profile

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.

Further Reading: Day Trading – Risk Worth the Reward?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply