BidaskClub Downgrades Trupanion (TRUP) to Hold

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.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $63.12 million during the quarter, compared to analyst estimates of $61.44 million. Trupanion had a negative net margin of 1.05% and a negative return on equity of 7.41%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) EPS. equities analysts expect that Trupanion will post -0.04 earnings per share for the current year.

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.

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About Trupanion

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.

Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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