Trupanion (NASDAQ:TRUP) Trading Up 6.1%

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

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Trupanion from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Royal Bank of Canada set a $38.00 price objective on Trupanion and gave the company a “buy” rating in a research note on Wednesday, July 31st. Northland Securities restated a “buy” rating and issued a $40.00 target price on shares of Trupanion in a report on Wednesday, July 31st. TheStreet cut Trupanion from a “c” rating to a “d+” rating in a research report on Tuesday, July 30th. Finally, BidaskClub downgraded Trupanion from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $37.50.

The company has a market capitalization of $933.42 million, a P/E ratio of -894.33 and a beta of 1.47. The stock’s fifty day simple moving average is $27.99 and its 200-day simple moving average is $31.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.80.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The business had revenue of $92.20 million for the quarter, compared to analyst estimates of $91.17 million. During the same period in the prior year, the firm posted ($0.01) EPS. Trupanion’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, research analysts predict that Trupanion Inc will post -0.12 earnings per share for the current year.

In other Trupanion news, CRO Margaret Tooth sold 750 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $34.69, for a total value of $26,017.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.92, for a total transaction of $95,680.00. Following the completion of the sale, the chief executive officer now directly owns 1,462,499 shares of the company’s stock, valued at $34,982,976.08. The disclosure for this sale can be found here. Insiders sold a total of 26,450 shares of company stock worth $815,808 in the last ninety days. Insiders own 13.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRUP. Manchester Capital Management LLC increased its holdings in shares of Trupanion by 100.9% during the 1st quarter. Manchester Capital Management LLC now owns 1,710 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 859 shares during the period. Aperio Group LLC acquired a new stake in Trupanion during the second quarter worth about $166,000. BNP Paribas Arbitrage SA increased its stake in Trupanion by 1,247.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,362 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 4,964 shares during the period. US Bancorp DE increased its stake in Trupanion by 6.0% during the second quarter. US Bancorp DE now owns 6,145 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 350 shares during the period. Finally, Angeles Investment Advisors LLC acquired a new position in Trupanion in the 1st quarter valued at approximately $246,000. Institutional investors own 96.34% of the company’s stock.

Trupanion Company Profile (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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