Trupanion (NASDAQ:TRUP) Downgraded by Craig Hallum

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Craig Hallum downgraded shares of Trupanion (NASDAQ:TRUP) from a buy rating to a hold rating in a research report report published on Friday, BenzingaRatingsTable reports. They currently have $29.00 price objective on the financial services provider’s stock.

A number of other research firms have also weighed in on TRUP. BidaskClub lowered Trupanion from a buy rating to a hold rating in a report on Friday, July 19th. Guggenheim began coverage on Trupanion in a report on Thursday, May 23rd. They issued a buy rating and a $35.00 price objective on the stock. Royal Bank of Canada set a $38.00 price objective on Trupanion and gave the company a buy rating in a report on Wednesday, July 31st. ValuEngine raised Trupanion from a buy rating to a strong-buy rating in a report on Thursday, August 8th. Finally, TheStreet lowered Trupanion from a c rating to a d+ rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $38.71.

TRUP stock opened at $26.33 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.02 billion, a PE ratio of -877.67 and a beta of 1.31. Trupanion has a 1-year low of $22.38 and a 1-year high of $40.26. The business’s 50 day simple moving average is $33.08 and its 200 day simple moving average is $31.85.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $92.20 million for the quarter, compared to analyst estimates of $91.17 million. Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) earnings per share. As a group, sell-side analysts predict that Trupanion will post -0.12 EPS for the current fiscal year.

In other Trupanion news, CRO Margaret Tooth sold 750 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $34.69, for a total value of $26,017.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $29.95, for a total value of $119,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,527,120 shares in the company, valued at $45,737,244. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,850 shares of company stock worth $1,354,033. Insiders own 13.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TRUP. US Bancorp DE lifted its position in shares of Trupanion by 6.0% during the 2nd quarter. US Bancorp DE now owns 6,145 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 350 shares during the period. New York State Common Retirement Fund lifted its position in shares of Trupanion by 0.6% during the 1st quarter. New York State Common Retirement Fund now owns 65,526 shares of the financial services provider’s stock valued at $2,145,000 after acquiring an additional 410 shares during the period. Alpha Omega Wealth Management LLC lifted its position in shares of Trupanion by 110.8% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 843 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 443 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Trupanion by 12.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,044 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 576 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Trupanion by 14.9% during the 4th quarter. Legal & General Group Plc now owns 4,552 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 590 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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