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.
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.
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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