Trupanion Inc (NYSE:TRUP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other research firms also recently commented on TRUP. Canaccord Genuity lifted their price objective on shares of Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and set a $19.00 price objective on shares of Trupanion in a research note on Friday, July 14th. Royal Bank Of Canada lifted their price objective on shares of Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, TheStreet upgraded shares of Trupanion from a “d” rating to a “c-” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.50.
Trupanion (NYSE:TRUP) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Trupanion had a net margin of 0.71% and a return on equity of 3.57%. The business had revenue of $58.30 million during the quarter, compared to the consensus estimate of $57.58 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year.
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In related news, insider Darryl Rawlings sold 3,500 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $21.13, for a total transaction of $73,955.00. Following the completion of the transaction, the insider now owns 1,449,505 shares of the company’s stock, valued at $30,628,040.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Asher Bearman sold 6,600 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $22.86, for a total transaction of $150,876.00. Following the transaction, the insider now directly owns 9,039 shares of the company’s stock, valued at approximately $206,631.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,552 shares of company stock valued at $3,741,754.
Several institutional investors have recently modified their holdings of TRUP. American International Group Inc. raised its holdings in shares of Trupanion by 7.1% during the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 588 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Trupanion during the first quarter worth $194,000. Bank of Montreal Can raised its holdings in shares of Trupanion by 309.2% during the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 6,834 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Trupanion during the second quarter worth $215,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Trupanion by 1.2% during the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 200 shares during the last quarter.
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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