Trupanion Inc (NASDAQ:TRUP) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $44.33.
A number of equities analysts have recently issued reports on TRUP shares. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Guggenheim restated a “buy” rating and issued a $95.00 price objective (up previously from $90.00) on shares of VF in a research note on Thursday, May 23rd. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Northland Securities set a $5.00 price objective on shares of Communications Systems and gave the company a “buy” rating in a research note on Tuesday, May 14th.
In other news, insider Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $35.42, for a total value of $141,680.00. Following the sale, the insider now owns 1,519,120 shares of the company’s stock, valued at approximately $53,807,230.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Margaret Tooth sold 750 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $34.69, for a total transaction of $26,017.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,753 shares of company stock worth $1,898,572. 13.61% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of TRUP. Clearbridge Investments LLC grew its holdings in Trupanion by 38.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock worth $39,959,000 after acquiring an additional 339,812 shares during the last quarter. Millennium Management LLC grew its holdings in Trupanion by 1,006.9% during the 4th quarter. Millennium Management LLC now owns 284,032 shares of the financial services provider’s stock worth $7,231,000 after acquiring an additional 258,372 shares during the last quarter. Nine Ten Capital Management LLC grew its holdings in Trupanion by 8.1% during the 4th quarter. Nine Ten Capital Management LLC now owns 3,019,914 shares of the financial services provider’s stock worth $76,887,000 after acquiring an additional 227,423 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in Trupanion during the 1st quarter worth about $5,702,000. Finally, BlackRock Inc. grew its holdings in Trupanion by 4.2% during the 4th quarter. BlackRock Inc. now owns 1,803,036 shares of the financial services provider’s stock worth $45,905,000 after acquiring an additional 73,488 shares during the last quarter. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TRUP stock traded down $0.53 during mid-day trading on Friday, reaching $32.63. The company’s stock had a trading volume of 2,997 shares, compared to its average volume of 243,849. Trupanion has a 1-year low of $22.38 and a 1-year high of $46.70. The company has a market capitalization of $1.18 billion, a P/E ratio of -1,086.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50-day moving average is $33.70.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Trupanion had a negative net margin of 0.23% and a negative return on equity of 0.59%. The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.87 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, analysts forecast that Trupanion will post -0.07 EPS for the current fiscal year.
Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.
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