Trupanion (NASDAQ:TRUP) Price Target Lowered to $90.00 at Canaccord Genuity Group

Trupanion (NASDAQ:TRUPGet Rating) had its target price decreased by Canaccord Genuity Group from $100.00 to $90.00 in a report issued on Friday morning, The Fly reports.

A number of other equities research analysts also recently issued reports on TRUP. Bank of America lowered their price objective on Trupanion from $118.00 to $110.00 and set a buy rating on the stock in a research report on Wednesday, April 20th. Piper Sandler downgraded Trupanion from an overweight rating to a neutral rating and lowered their price objective for the stock from $80.00 to $69.00 in a research report on Thursday. Finally, Northland Securities lowered their price objective on Trupanion from $80.00 to $70.00 in a research report on Thursday.

Trupanion Price Performance

Trupanion stock opened at $68.09 on Friday. Trupanion has a one year low of $50.81 and a one year high of $158.25. The business has a fifty day moving average price of $62.81 and a 200-day moving average price of $74.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.88. The firm has a market capitalization of $2.77 billion, a P/E ratio of -76.50 and a beta of 2.02.

Insider Buying and Selling at Trupanion

In other Trupanion news, Director Michael Doak sold 700 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total transaction of $42,000.00. Following the sale, the director now owns 1,007 shares in the company, valued at $60,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Margaret Tooth sold 1,000 shares of Trupanion stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $66.71, for a total value of $66,710.00. Following the transaction, the president now owns 34,880 shares in the company, valued at $2,326,844.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Doak sold 700 shares of Trupanion stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total value of $42,000.00. Following the completion of the transaction, the director now owns 1,007 shares in the company, valued at approximately $60,420. The disclosure for this sale can be found here. Insiders have sold 21,700 shares of company stock worth $1,368,070 over the last 90 days. Corporate insiders own 6.77% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TRUP. Aflac Inc. purchased a new position in shares of Trupanion in the first quarter worth about $324,072,000. Nine Ten Capital Management LLC increased its holdings in shares of Trupanion by 18.7% in the first quarter. Nine Ten Capital Management LLC now owns 2,341,919 shares of the financial services provider’s stock worth $208,712,000 after buying an additional 368,343 shares during the period. Polar Capital Holdings Plc purchased a new position in shares of Trupanion in the first quarter worth about $22,280,000. Capital International Investors increased its holdings in shares of Trupanion by 7.4% in the fourth quarter. Capital International Investors now owns 1,487,447 shares of the financial services provider’s stock worth $196,388,000 after buying an additional 102,630 shares during the period. Finally, State Street Corp increased its holdings in shares of Trupanion by 7.6% in the first quarter. State Street Corp now owns 1,247,433 shares of the financial services provider’s stock worth $111,171,000 after buying an additional 88,009 shares during the period. Hedge funds and other institutional investors own 83.62% of the company’s stock.

Trupanion Company Profile

(Get Rating)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

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