Trupanion Inc (NYSE:TRUP) insider Margaret Tooth sold 4,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $23.00, for a total value of $103,500.00. Following the transaction, the insider now owns 4,502 shares in the company, valued at $103,546. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Trupanion Inc (NYSE TRUP) opened at 22.10 on Friday. The firm’s market cap is $662.89 million. Trupanion Inc has a 12 month low of $13.71 and a 12 month high of $25.00. The firm’s 50-day moving average price is $22.86 and its 200-day moving average price is $18.38.
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, topping 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 firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $57.58 million. During the same quarter last year, the company posted ($0.03) earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. Analysts expect that Trupanion Inc will post ($0.10) earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in TRUP. Handelsbanken Fonder AB bought a new position in Trupanion during the first quarter worth about $6,399,000. Wellington Management Group LLP raised 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 raised 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 raised 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. bought a new position in Trupanion during the second quarter worth about $3,434,000.
TRUP has been the topic of several research analyst reports. Cowen and Company restated an “outperform” rating and set a $28.00 target price (up from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Royal Bank Of Canada boosted their target price on Trupanion from $19.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and set a $24.00 target price (up from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Northland Securities set a $23.00 target price on Trupanion and gave the stock a “buy” rating in a research note on Thursday, July 6th. Finally, BidaskClub cut Trupanion from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Trupanion presently has an average rating of “Buy” and a consensus price target of $24.50.
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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