Trupanion Inc (NYSE:TRUP) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Trupanion Inc (NYSE:TRUP) from a buy rating to a hold rating in a research note issued to investors on Tuesday, August 8th.

A number of other brokerages also recently issued reports on TRUP. ValuEngine upgraded Trupanion from a sell rating to a hold rating in a research report on Friday, June 2nd. Canaccord Genuity raised their price target on Trupanion from $28.00 to $29.00 and gave the stock a buy rating in a research report on Wednesday, August 2nd. Cowen and Company restated a buy rating and issued a $19.00 price target on shares of Trupanion in a research report on Friday, July 14th. Royal Bank Of Canada raised their price target on Trupanion from $19.00 to $26.00 and gave the stock an outperform rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Trupanion from a sell rating to a hold rating in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $24.50.

Shares of Trupanion (NYSE TRUP) traded down 0.76% on Tuesday, hitting $22.10. 70,761 shares of the company traded hands. Trupanion has a 1-year low of $13.71 and a 1-year high of $25.00. The firm’s 50 day moving average price is $22.86 and its 200-day moving average price is $18.38. The stock’s market capitalization is $662.89 million.

Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $58.30 million during the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. Trupanion’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, equities research analysts expect that Trupanion will post ($0.10) earnings per share for the current year.

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In other news, insider Asher Bearman sold 10,900 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $22.83, for a total transaction of $248,847.00. Following the transaction, the insider now owns 11,539 shares in the company, valued at $263,435.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $21.28, for a total value of $74,480.00. Following the transaction, the insider now owns 1,467,005 shares in the company, valued at approximately $31,217,866.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,052 shares of company stock worth $1,086,489.

Several institutional investors have recently made changes to their positions in TRUP. American International Group Inc. raised its position in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after buying an additional 588 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Trupanion during the first quarter valued at about $194,000. Bank of Montreal Can raised its position in Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after buying an additional 6,834 shares during the period. Voya Investment Management LLC bought a new position in Trupanion during the second quarter valued at about $215,000. Finally, Alliancebernstein L.P. raised its position in Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock valued at $237,000 after buying an additional 200 shares during the period.

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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