Trupanion (NASDAQ:TRUP) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Trupanion from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Trupanion in a research report on Tuesday, October 31st. Finally, CL King initiated coverage on shares of Trupanion in a research report on Tuesday, November 21st. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Trupanion currently has a consensus rating of “Buy” and an average price target of $28.83.
Trupanion (NASDAQ TRUP) opened at $29.88 on Friday. The stock has a market cap of $911.71, a P/E ratio of -331.96 and a beta of 0.14. Trupanion has a fifty-two week low of $13.71 and a fifty-two week high of $33.00. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15.
In other news, insider Asher Bearman sold 4,039 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $28.40, for a total transaction of $114,707.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $30.10, for a total transaction of $105,350.00. Following the sale, the insider now directly owns 1,393,476 shares of the company’s stock, valued at approximately $41,943,627.60. The disclosure for this sale can be found here. Insiders have sold a total of 118,539 shares of company stock valued at $3,146,008 in the last three months. Insiders own 31.24% of the company’s stock.
Several hedge funds have recently made changes to their positions in TRUP. Capital World Investors lifted its holdings in shares of Trupanion by 1.7% in the 2nd quarter. Capital World Investors now owns 2,380,800 shares of the financial services provider’s stock worth $53,282,000 after purchasing an additional 40,500 shares in the last quarter. Nine Ten Capital Management LLC lifted its holdings in shares of Trupanion by 3.4% in the 3rd quarter. Nine Ten Capital Management LLC now owns 1,374,967 shares of the financial services provider’s stock worth $36,313,000 after purchasing an additional 45,100 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Trupanion by 2.4% in the 3rd quarter. Baillie Gifford & Co. now owns 1,005,983 shares of the financial services provider’s stock worth $26,568,000 after purchasing an additional 23,610 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Trupanion by 16.6% in the 2nd quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock worth $16,977,000 after purchasing an additional 108,135 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Trupanion by 54.4% in the 2nd quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock worth $7,752,000 after purchasing an additional 121,990 shares in the last quarter. 63.25% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/26/bidaskclub-downgrades-trupanion-trup-to-hold.html.
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.
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.