Trupanion Inc (TRUP) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Trupanion Inc (NYSE:TRUP) from a buy rating to a hold rating in a research note issued to investors on Tuesday, August 8th.

Other equities research analysts also recently issued reports about the company. TheStreet upgraded Trupanion from a d rating to a c- rating in a report on Monday, July 17th. Canaccord Genuity boosted their price target on Trupanion from $28.00 to $29.00 and gave the company a buy rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Trupanion from a sell rating to a hold rating in a research note on Tuesday, July 18th. ValuEngine upgraded Trupanion from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Cowen and Company restated a buy rating and set a $19.00 price objective on shares of Trupanion in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $24.50.

Trupanion (NYSE:TRUP) traded down 0.76% during mid-day trading on Tuesday, reaching $22.10. 70,761 shares of the company were exchanged. Trupanion has a 1-year low of $13.71 and a 1-year high of $25.00. The stock has a 50-day moving average of $22.86 and a 200 day moving average of $18.38. The firm’s market capitalization is $662.89 million.

Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share 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 the consensus estimate of $57.58 million. During the same period in the previous year, the business earned ($0.03) EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts forecast that Trupanion will post ($0.10) earnings per share for the current year.

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In other Trupanion news, COO Ian Moffat sold 8,552 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $23.20, for a total value of $198,406.40. Following the completion of the sale, the chief operating officer now owns 8,552 shares in the company, valued at approximately $198,406.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Asher Bearman sold 10,900 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $22.83, for a total value of $248,847.00. Following the completion of the sale, the insider now owns 11,539 shares of the company’s stock, valued at approximately $263,435.37. The disclosure for this sale can be found here. Insiders have sold 48,052 shares of company stock worth $1,086,489 over the last three months.

Several hedge funds have recently made changes to their positions in TRUP. American International Group Inc. boosted its position 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 worth $126,000 after buying an additional 588 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of Trupanion during the second quarter worth about $215,000. Wells Fargo & Company MN boosted its position in shares of Trupanion by 13.5% in the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,342 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Trupanion by 52.7% in the second quarter. Nationwide Fund Advisors now owns 12,694 shares of the financial services provider’s stock worth $284,000 after buying an additional 4,380 shares in the last quarter.

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.

Analyst Recommendations for Trupanion (NYSE:TRUP)

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