Trupanion Inc (NYSE:TRUP) COO Ian Moffat sold 8,552 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $23.20, for a total transaction of $198,406.40. Following the sale, the chief operating officer now directly owns 8,552 shares in the company, valued at $198,406.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Trupanion Inc (NYSE:TRUP) opened at 22.81 on Wednesday. The company’s market cap is $684.19 million. Trupanion Inc has a 52-week low of $13.71 and a 52-week high of $25.00. The stock’s 50 day moving average is $22.63 and its 200 day moving average is $17.84.
Trupanion (NYSE:TRUP) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $57.58 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, analysts predict that Trupanion Inc will post ($0.12) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRUP. Handelsbanken Fonder AB acquired a new position in Trupanion during the first quarter worth about $6,399,000. Wellington Management Group LLP boosted its position in Trupanion by 71.8% in the first quarter. Wellington Management Group LLP now owns 929,226 shares of the financial services provider’s stock worth $13,213,000 after buying an additional 388,226 shares in the last quarter. Nine Ten Capital Management LLC boosted its position in Trupanion by 53.4% in the first quarter. Nine Ten Capital Management LLC now owns 1,112,380 shares of the financial services provider’s stock worth $15,818,000 after buying an additional 387,320 shares in the last quarter. Handelsinvest Investeringsforvaltning boosted 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 worth $4,689,000 after buying an additional 179,500 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in Trupanion during the second quarter worth about $3,434,000.
TRUP has been the topic of a number of research reports. Northland Securities initiated coverage on shares of Trupanion in a report on Friday, May 26th. They set an “outperform” rating and a $22.75 target price on the stock. Cowen and Company reissued a “buy” rating and set a $19.00 target price on shares of Trupanion in a report on Friday, July 14th. ValuEngine raised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub cut shares of Trupanion from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.50.
About Trupanion
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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