Trupanion (NASDAQ:TRUP) Downgraded to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of Trupanion (NASDAQ:TRUP) from a strong-buy rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “Trupanion, Inc. operates as a direct-to-consumer monthly subscription service provider of a medical insurance plan for cats and dogs. It operates primarily in Canada, Puerto Rico, and the United States. The Company serves pet owners and veterinarians. Trupanion, Inc. is headquartered in Seattle, Washington. “

TRUP has been the subject of several other research reports. BidaskClub raised shares of Trupanion from a hold rating to a buy rating in a research report on Saturday, January 25th. Northland Securities reaffirmed a buy rating and set a $40.00 price target on shares of Trupanion in a research report on Wednesday, November 6th. Guggenheim upped their price target on shares of Trupanion from $35.00 to $36.00 and gave the stock a buy rating in a research report on Monday, November 18th. Lake Street Capital upped their price target on shares of Trupanion from to and gave the stock a buy rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus lowered shares of Trupanion from a buy rating to a hold rating and upped their price target for the stock from $32.00 to $38.00 in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $37.75.

Shares of NASDAQ:TRUP traded down $0.86 during trading on Thursday, reaching $32.90. The stock had a trading volume of 282,239 shares, compared to its average volume of 346,835. The business has a fifty day moving average price of $33.03 and a 200-day moving average price of $29.66. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.16 billion, a P/E ratio of -548.33 and a beta of 1.76. Trupanion has a fifty-two week low of $20.84 and a fifty-two week high of $38.06.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Trupanion had a negative net margin of 0.47% and a negative return on equity of 1.38%. The business had revenue of $105.48 million during the quarter, compared to analyst estimates of $104.92 million. As a group, equities analysts forecast that Trupanion will post 0.06 EPS for the current year.

In other Trupanion news, insider Asher Bearman sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.00, for a total transaction of $56,000.00. Following the completion of the sale, the insider now directly owns 2,360 shares in the company, valued at $82,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $32.59, for a total transaction of $130,360.00. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $894,950. 13.61% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. California Public Employees Retirement System grew its stake in Trupanion by 178.3% during the third quarter. California Public Employees Retirement System now owns 59,002 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 37,802 shares during the period. Markel Corp grew its stake in Trupanion by 208.0% during the third quarter. Markel Corp now owns 77,000 shares of the financial services provider’s stock worth $1,957,000 after buying an additional 52,000 shares during the period. Great Lakes Advisors LLC grew its stake in Trupanion by 101.8% during the third quarter. Great Lakes Advisors LLC now owns 107,958 shares of the financial services provider’s stock worth $2,744,000 after buying an additional 54,455 shares during the period. California State Teachers Retirement System boosted its stake in shares of Trupanion by 1.2% in the third quarter. California State Teachers Retirement System now owns 44,305 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 529 shares during the period. Finally, Barclays PLC boosted its stake in shares of Trupanion by 3.5% in the third quarter. Barclays PLC now owns 178,793 shares of the financial services provider’s stock valued at $4,544,000 after purchasing an additional 6,007 shares during the period. Institutional investors own 93.52% of the company’s stock.

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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