Trupanion Inc (TRUP) Given Average Recommendation of “Buy” by Brokerages

Trupanion Inc (NASDAQ:TRUP) has been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $44.38.

Several research analysts recently weighed in on TRUP shares. ValuEngine lowered Trupanion from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. BidaskClub upgraded Trupanion from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price objective on shares of Trupanion in a research report on Tuesday, November 13th. Finally, Zacks Investment Research lowered Trupanion from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th.

Shares of NASDAQ:TRUP traded up $1.65 during midday trading on Tuesday, hitting $29.26. The company had a trading volume of 475,364 shares, compared to its average volume of 287,661. Trupanion has a twelve month low of $22.38 and a twelve month high of $46.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $977.87 million, a PE ratio of -975.33 and a beta of 1.15.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, February 13th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $82.64 million during the quarter, compared to analysts’ expectations of $82.16 million. Trupanion had a negative return on equity of 0.95% and a negative net margin of 0.30%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts predict that Trupanion will post 0.09 earnings per share for the current fiscal year.

In other news, insider Darryl Rawlings sold 81,053 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $25.78, for a total transaction of $2,089,546.34. Following the completion of the transaction, the insider now directly owns 1,652,474 shares in the company, valued at $42,600,779.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Howard E. Rubin sold 60,000 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $29.03, for a total value of $1,741,800.00. Following the transaction, the director now owns 188,739 shares of the company’s stock, valued at $5,479,093.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,594 shares of company stock valued at $7,014,286. Company insiders own 20.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its holdings in Trupanion by 26.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the financial services provider’s stock valued at $12,221,000 after purchasing an additional 100,000 shares during the period. Atlantic Trust LLC boosted its holdings in Trupanion by 53.5% in the third quarter. Atlantic Trust LLC now owns 9,995 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 3,485 shares during the period. Check Capital Management Inc. CA boosted its holdings in Trupanion by 53.0% in the third quarter. Check Capital Management Inc. CA now owns 15,150 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 5,250 shares during the period. Royce & Associates LP boosted its holdings in Trupanion by 52.8% in the third quarter. Royce & Associates LP now owns 296,700 shares of the financial services provider’s stock valued at $10,601,000 after purchasing an additional 102,500 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Trupanion by 245.0% in the third quarter. JPMorgan Chase & Co. now owns 16,807 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 11,936 shares during the period. Institutional investors and hedge funds own 96.52% 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.

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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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