Trupanion (NASDAQ:TRUP) Shares Up 6.1%

Shares of Trupanion Inc (NASDAQ:TRUP) shot up 6.1% on Wednesday . The company traded as high as $26.93 and last traded at $26.83, 377,079 shares changed hands during mid-day trading. An increase of 42% from the average session volume of 265,326 shares. The stock had previously closed at $25.29.

Several brokerages recently weighed in on TRUP. Northland Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Trupanion in a research report on Wednesday, July 31st. Craig Hallum cut shares of Trupanion from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Friday, August 16th. Royal Bank of Canada set a $38.00 target price on shares of Trupanion and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research lowered shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Guggenheim began coverage on Trupanion in a report on Thursday, May 23rd. They set a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $37.50.

The company has a market capitalization of $933.42 million, a price-to-earnings ratio of -894.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.80. The business has a fifty day moving average price of $27.99 and a 200 day moving average price of $31.32.



Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data 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 company had revenue of $92.20 million for the quarter, compared to the consensus estimate of $91.17 million. Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. Trupanion’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Research analysts anticipate that Trupanion Inc will post -0.12 earnings per share for the current year.

In related news, insider Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $36.48, for a total transaction of $145,920.00. Following the sale, the insider now owns 1,523,120 shares of the company’s stock, valued at $55,563,417.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Margaret Tooth sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $34.69, for a total value of $26,017.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,450 shares of company stock worth $815,808. 13.61% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Trupanion by 5.6% in the second quarter. BlackRock Inc. now owns 1,898,456 shares of the financial services provider’s stock valued at $68,592,000 after buying an additional 100,432 shares during the period. Vanguard Group Inc. raised its position in Trupanion by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,400,569 shares of the financial services provider’s stock worth $50,603,000 after acquiring an additional 44,716 shares in the last quarter. Clearbridge Investments LLC raised its position in Trupanion by 38.6% in the first quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock worth $39,959,000 after acquiring an additional 339,812 shares in the last quarter. RV Capital GmbH lifted its holdings in Trupanion by 3.0% in the 1st quarter. RV Capital GmbH now owns 608,400 shares of the financial services provider’s stock valued at $19,919,000 after acquiring an additional 17,700 shares during the last quarter. Finally, Ensemble Capital Management LLC boosted its position in shares of Trupanion by 0.6% during the 2nd quarter. Ensemble Capital Management LLC now owns 414,423 shares of the financial services provider’s stock valued at $14,973,000 after purchasing an additional 2,370 shares in the last quarter. 96.34% of the stock is currently owned by institutional investors.

About Trupanion (NASDAQ:TRUP)

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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