Trupanion Inc (TRUP) Downgraded by BidaskClub

Trupanion Inc (NYSE:TRUP) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, July 25th.

Other equities research analysts have also issued reports about the stock. Cowen and Company restated a “buy” rating and issued a $19.00 price objective on shares of Trupanion in a report on Friday, July 14th. Northland Securities set a $23.00 price objective on shares of Trupanion and gave the company a “buy” rating in a report on Thursday, July 6th. TheStreet upgraded shares of Trupanion from a “d” rating to a “c-” rating in a report on Monday, July 17th. Zacks Investment Research raised shares of Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine raised shares of Trupanion from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Trupanion currently has an average rating of “Buy” and an average price target of $24.50.

Shares of Trupanion (NYSE:TRUP) traded down 1.31% during trading on Tuesday, reaching $22.57. 51,945 shares of the company were exchanged. The firm has a 50-day moving average price of $22.90 and a 200-day moving average price of $18.24. Trupanion has a 1-year low of $13.71 and a 1-year high of $25.00. The stock’s market capitalization is $676.99 million.

Trupanion (NYSE:TRUP) last released its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The company 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 firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. Equities research analysts predict that Trupanion will post ($0.10) earnings per share for the current fiscal year.

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In other news, insider Darryl Rawlings sold 3,500 shares of Trupanion stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $16.90, for a total value of $59,150.00. Following the sale, the insider now owns 1,474,005 shares of the company’s stock, valued at $24,910,684.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Ian Moffat sold 8,552 shares of Trupanion stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $23.20, for a total transaction of $198,406.40. Following the completion of the sale, the chief operating officer now directly owns 8,552 shares in the company, valued at approximately $198,406.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,652 shares of company stock worth $896,792 over the last three months.

Hedge funds have recently modified their holdings of the stock. American International Group Inc. increased its stake in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after buying an additional 588 shares during the last quarter. Grand Jean Capital Management Inc. boosted its stake in shares of Trupanion by 4.8% in the first quarter. Grand Jean Capital Management Inc. now owns 265,184 shares of the financial services provider’s stock valued at $3,771,000 after buying an additional 12,200 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in shares of Trupanion during the first quarter valued at approximately $427,000. Handelsbanken Fonder AB bought a new stake in shares of Trupanion during the first quarter valued at approximately $6,399,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Trupanion by 14.1% in the first quarter. Bank of New York Mellon Corp now owns 56,991 shares of the financial services provider’s stock valued at $811,000 after buying an additional 7,054 shares during the period.

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.