Trupanion (NASDAQ:TRUP) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Trupanion (NASDAQ:TRUPGet Rating) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $77.00 price target on the financial services provider’s stock.

A number of other brokerages also recently weighed in on TRUP. Piper Sandler downgraded shares of Trupanion from an overweight rating to a neutral rating and cut their price target for the company from $80.00 to $69.00 in a research report on Thursday, August 4th. Evercore ISI cut their price target on shares of Trupanion to $85.00 in a research report on Tuesday, August 9th. Northland Securities cut their price target on shares of Trupanion from $80.00 to $70.00 in a research report on Thursday, August 4th. Finally, Canaccord Genuity Group lowered their target price on Trupanion from $100.00 to $90.00 in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $88.71.

Trupanion Stock Performance

Trupanion stock opened at $64.97 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Trupanion has a 1 year low of $50.81 and a 1 year high of $158.25. The company has a market cap of $2.65 billion, a PE ratio of -73.00 and a beta of 1.95. The company’s 50-day moving average is $68.42 and its two-hundred day moving average is $70.56.

Trupanion (NASDAQ:TRUPGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.10). The firm had revenue of $219.41 million during the quarter, compared to analyst estimates of $216.63 million. Trupanion had a negative net margin of 4.53% and a negative return on equity of 10.62%. Equities analysts anticipate that Trupanion will post -1.03 earnings per share for the current year.

Insider Transactions at Trupanion

In other news, Director Michael Doak sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director now directly owns 1,007 shares of the company’s stock, valued at approximately $60,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael Doak sold 700 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total value of $42,000.00. Following the completion of the sale, the director now owns 1,007 shares of the company’s stock, valued at approximately $60,420. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gavin Friedman sold 1,600 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $80.00, for a total value of $128,000.00. Following the completion of the sale, the executive vice president now directly owns 6,968 shares of the company’s stock, valued at approximately $557,440. The disclosure for this sale can be found here. Insiders sold 28,207 shares of company stock valued at $1,934,952 in the last ninety days. 5.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trupanion

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Trupanion by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,862,393 shares of the financial services provider’s stock valued at $344,217,000 after purchasing an additional 30,321 shares during the last quarter. Nine Ten Capital Management LLC lifted its holdings in Trupanion by 55.4% during the 2nd quarter. Nine Ten Capital Management LLC now owns 3,638,509 shares of the financial services provider’s stock valued at $219,257,000 after purchasing an additional 1,296,590 shares during the last quarter. Aflac Inc. acquired a new stake in Trupanion during the 1st quarter valued at $324,072,000. Capital International Investors lifted its holdings in Trupanion by 7.4% during the 4th quarter. Capital International Investors now owns 1,487,447 shares of the financial services provider’s stock valued at $196,388,000 after purchasing an additional 102,630 shares during the last quarter. Finally, State Street Corp lifted its holdings in Trupanion by 9.7% during the 2nd quarter. State Street Corp now owns 1,368,151 shares of the financial services provider’s stock valued at $82,445,000 after purchasing an additional 120,718 shares during the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.

Trupanion Company Profile

(Get Rating)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.

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