Trupanion (NASDAQ:TRUP) Rating Increased to Sell at BidaskClub

Trupanion (NASDAQ:TRUP) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

TRUP has been the subject of several other reports. Northland Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Trupanion in a report on Wednesday, November 6th. TheStreet downgraded shares of Trupanion from a “c” rating to a “d+” rating in a research report on Tuesday, July 30th. Zacks Investment Research downgraded shares of Trupanion from a “hold” rating to a “strong sell” rating in a research report on Sunday, November 3rd. Craig Hallum set a $20.00 price objective on shares of Trupanion and gave the company a “hold” rating in a research report on Friday, October 11th. Finally, ValuEngine downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.00.

Shares of NASDAQ TRUP traded down $0.26 during midday trading on Friday, hitting $31.22. The company’s stock had a trading volume of 214,727 shares, compared to its average volume of 273,536. Trupanion has a 1-year low of $20.84 and a 1-year high of $37.13. The firm’s fifty day moving average price is $23.89 and its 200-day moving average price is $29.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $836.35 million, a P/E ratio of -1,040.67 and a beta of 1.50.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Trupanion had a negative net margin of 0.75% and a negative return on equity of 2.09%. The business had revenue of $99.28 million during the quarter, compared to analyst estimates of $97.24 million. During the same period in the previous year, the business posted $0.03 EPS. The company’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, research analysts predict that Trupanion will post -0.13 earnings per share for the current fiscal year.

In other news, CEO Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $26.81, for a total value of $107,240.00. Following the transaction, the chief executive officer now directly owns 1,458,499 shares of the company’s stock, valued at $39,102,358.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 21,300 shares of company stock worth $509,446. 13.61% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new position in Trupanion during the 2nd quarter valued at $1,933,000. Allianz Asset Management GmbH increased its holdings in Trupanion by 117.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 87,195 shares of the financial services provider’s stock valued at $3,150,000 after buying an additional 47,089 shares during the period. BBR Partners LLC increased its holdings in Trupanion by 18.3% in the 2nd quarter. BBR Partners LLC now owns 35,499 shares of the financial services provider’s stock valued at $1,283,000 after buying an additional 5,499 shares during the period. Bank of America Corp DE increased its holdings in Trupanion by 145.2% in the 2nd quarter. Bank of America Corp DE now owns 246,337 shares of the financial services provider’s stock valued at $8,902,000 after buying an additional 145,886 shares during the period. Finally, Elkfork Partners LLC increased its holdings in Trupanion by 9.8% in the 2nd quarter. Elkfork Partners LLC now owns 58,446 shares of the financial services provider’s stock valued at $2,112,000 after buying an additional 5,236 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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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