Trupanion (TRUP) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Trupanion (NASDAQ:TRUP) from a sell rating to a hold rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Trupanion, Inc. operates as a direct-to-consumer monthly subscription service provider of a medical insurance plan for cats and dogs. It operates primarily in Canada, Puerto Rico, and the United States. The Company serves pet owners and veterinarians. Trupanion, Inc. is headquartered in Seattle, Washington. “

Several other brokerages also recently issued reports on TRUP. ValuEngine downgraded shares of Trupanion from a buy rating to a hold rating in a research report on Wednesday, March 6th. BidaskClub downgraded shares of Trupanion from a buy rating to a hold rating in a research report on Tuesday, January 22nd. Finally, Northland Securities initiated coverage on shares of Trupanion in a research report on Tuesday. They set a buy rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $44.89.

Trupanion stock traded down $0.60 during midday trading on Thursday, hitting $32.42. 4,608 shares of the company’s stock were exchanged, compared to its average volume of 193,498. Trupanion has a 12-month low of $22.38 and a 12-month high of $46.70. 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 company has a market capitalization of $1.11 billion, a P/E ratio of -1,084.67 and a beta of 1.15.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). Trupanion had a negative return on equity of 0.59% and a negative net margin of 0.23%. The business had revenue of $86.98 million for the quarter, compared to analysts’ expectations of $85.87 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities analysts expect that Trupanion will post -0.03 earnings per share for the current year.

In other news, Director Murray B. Low sold 5,303 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $31.83, for a total value of $168,794.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard E. Rubin sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $30.00, for a total transaction of $75,000.00. Following the completion of the sale, the director now owns 143,825 shares of the company’s stock, valued at approximately $4,314,750. The disclosure for this sale can be found here. Insiders sold a total of 102,803 shares of company stock valued at $3,242,243 in the last 90 days. Company insiders own 13.61% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Trupanion in the first quarter valued at about $5,702,000. Jane Street Group LLC acquired a new stake in shares of Trupanion in the first quarter valued at about $352,000. RMB Capital Management LLC lifted its stake in shares of Trupanion by 189.2% in the first quarter. RMB Capital Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 15,700 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Trupanion by 33.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,136 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 1,027 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Trupanion by 9.5% in the first quarter. ArrowMark Colorado Holdings LLC now owns 485,953 shares of the financial services provider’s stock valued at $15,910,000 after purchasing an additional 42,173 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Trupanion Company Profile

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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