Cowen and Company reaffirmed their buy rating on shares of Trupanion Inc (NYSE:TRUP) in a research note issued to investors on Friday, July 14th. Cowen and Company currently has a $19.00 target price on the financial services provider’s stock.
Other equities analysts have also issued research reports about the stock. Northland Securities set a $23.00 price objective on shares of Trupanion and gave the stock a buy rating in a report on Thursday, July 6th. ValuEngine upgraded shares of Trupanion from a sell rating to a hold rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $24.50.
Shares of Trupanion (NYSE TRUP) opened at 23.15 on Friday. Trupanion has a 52-week low of $13.71 and a 52-week high of $24.92. The company’s 50 day moving average price is $22.42 and its 200 day moving average price is $17.72. The stock’s market cap is $694.38 million.
Trupanion (NYSE:TRUP) last posted its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $58.30 million for the quarter, compared to analyst estimates of $57.58 million. Trupanion had a negative net margin of 2.71% and a negative return on equity of 13.24%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, analysts anticipate that Trupanion will post ($0.12) earnings per share for the current year.
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In related news, major shareholder General Partner Ll Maveron III sold 6,083 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $16.89, for a total transaction of $102,741.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Darryl Rawlings sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $16.90, for a total transaction of $59,150.00. Following the completion of the sale, the insider now owns 1,474,005 shares of the company’s stock, valued at approximately $24,910,684.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,583 shares of company stock valued at $466,917.
Several large investors have recently modified their holdings of TRUP. Bank of New York Mellon Corp increased its stake in shares of Trupanion by 31.2% in the second quarter. Bank of New York Mellon Corp now owns 74,800 shares of the financial services provider’s stock valued at $1,674,000 after buying an additional 17,809 shares during the period. Rhumbline Advisers increased its stake in shares of Trupanion by 57.9% in the second quarter. Rhumbline Advisers now owns 23,944 shares of the financial services provider’s stock valued at $536,000 after buying an additional 8,777 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Trupanion by 75.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 37,300 shares of the financial services provider’s stock valued at $835,000 after buying an additional 16,000 shares during the period. Hamilton Lane Advisors LLC bought a new position in Trupanion during the second quarter valued at $762,000. Finally, Handelsinvest Investeringsforvaltning raised its position in Trupanion by 598.3% in the second quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 179,500 shares in the last quarter.
Trupanion Company Profile
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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