Canaccord Genuity reissued their buy rating on shares of Trupanion Inc (NYSE:TRUP) in a research note issued to investors on Tuesday. The brokerage currently has a $35.00 price target on the financial services provider’s stock, up from their previous price target of $29.00.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Trupanion from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Wednesday, October 4th. Cowen and Company reissued an outperform rating and issued a $28.00 price objective (up previously from $19.00) on shares of Trupanion in a report on Wednesday, August 2nd. BidaskClub raised Trupanion from a hold rating to a buy rating in a report on Friday, October 13th. Royal Bank Of Canada boosted their price objective on Trupanion from $19.00 to $26.00 and gave the company an outperform rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a buy rating and issued a $24.00 price objective (up previously from $18.00) on shares of Trupanion in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $27.50.
Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The company had revenue of $63.12 million during the quarter, compared to analysts’ expectations of $61.44 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s revenue was up 30.5% compared to the same quarter last year.
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In related news, insider Asher Bearman sold 6,600 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $22.86, for a total value of $150,876.00. Following the completion of the transaction, the insider now owns 9,039 shares of the company’s stock, valued at approximately $206,631.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Howard E. Rubin sold 100,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $25.90, for a total value of $2,590,000.00. The disclosure for this sale can be found here. Insiders sold a total of 134,000 shares of company stock valued at $3,361,063 in the last ninety days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. increased its stake in Trupanion by 7.1% during the 1st quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after buying an additional 588 shares in the last quarter. Bank of Montreal Can increased its stake in Trupanion by 309.2% during the 2nd quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares in the last quarter. Voya Investment Management LLC purchased a new stake in Trupanion during the 2nd quarter worth approximately $215,000. Alliancebernstein L.P. increased its stake in Trupanion by 1.2% during the 1st quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after buying an additional 200 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Trupanion by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,342 shares in the last quarter.
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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