Trupanion (TRUP) Shares Up 9%

Trupanion, Inc. (NASDAQ:TRUP)’s share price shot up 9% during mid-day trading on Thursday . The company traded as high as $35.06 and last traded at $35.04. 522,354 shares changed hands during trading, an increase of 126% from the average session volume of 230,807 shares. The stock had previously closed at $32.16.

A number of brokerages have issued reports on TRUP. BidaskClub cut shares of Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded 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. Finally, Canaccord Genuity restated 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.83.

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 posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share 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 company’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. equities analysts anticipate that Trupanion, Inc. will post -0.04 earnings per share for the current year.

In other news, COO Ian Moffat sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.06, for a total value of $210,420.00. Following the completion of the transaction, the chief operating officer now owns 7,000 shares of the company’s stock, valued at $210,420. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Asher Bearman sold 4,039 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders sold 22,039 shares of company stock valued at $661,393. Company insiders own 31.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of TRUP. San Francisco Sentry Investment Group CA acquired a new position in Trupanion during the second quarter worth approximately $2,972,000. Lagoda Investment Management L.P. acquired a new position in Trupanion during the second quarter worth approximately $2,944,000. State Street Corp increased its position in Trupanion by 54.4% during the second 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 during the last quarter. Vanguard Group Inc. increased its position in Trupanion by 16.6% during the second 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 during the last quarter. Finally, Northern Trust Corp increased its position in Trupanion by 55.2% during the second quarter. Northern Trust Corp now owns 255,398 shares of the financial services provider’s stock worth $5,715,000 after purchasing an additional 90,790 shares during the last quarter. 63.25% of the stock is owned by hedge funds and other 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.

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