BidaskClub Downgrades Trupanion (NASDAQ:TRUP) to Hold

Trupanion (NASDAQ:TRUP) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. Northland Securities set a $5.00 price objective on shares of Communications Systems and gave the stock a “buy” rating in a research report on Tuesday, May 14th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Guggenheim reissued a “buy” rating and set a $95.00 target price (up from $90.00) on shares of VF in a research note on Thursday, May 23rd. Finally, Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Trupanion presently has an average rating of “Buy” and a consensus price target of $42.67.

TRUP opened at $33.24 on Friday. Trupanion has a twelve month low of $22.38 and a twelve month high of $46.70. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is $33.82.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). Trupanion had a negative return on equity of 0.59% and a negative net margin of 0.23%. The firm had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.87 million. During the same quarter last year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, research analysts anticipate that Trupanion will post -0.07 earnings per share for the current fiscal year.

In related news, Director Dan Levitan sold 15,000 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $29.56, for a total transaction of $443,400.00. Following the transaction, the director now directly owns 73,487 shares of the company’s stock, valued at $2,172,275.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $33.19, for a total transaction of $132,760.00. Following the transaction, the insider now directly owns 1,534,380 shares in the company, valued at $50,926,072.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,253 shares of company stock worth $1,881,577. 13.61% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC lifted its position in Trupanion by 14.4% during the second quarter. DAVENPORT & Co LLC now owns 258,771 shares of the financial services provider’s stock valued at $9,349,000 after purchasing an additional 32,550 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in Trupanion during the first quarter valued at approximately $5,702,000. Clearbridge Investments LLC lifted its position in Trupanion by 38.6% during the first quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock valued at $39,959,000 after purchasing an additional 339,812 shares during the last quarter. Marshall Wace LLP bought a new stake in Trupanion during the first quarter valued at approximately $406,000. Finally, Altrinsic Global Advisors LLC lifted its position in Trupanion by 14.1% during the first quarter. Altrinsic Global Advisors LLC now owns 161,450 shares of the financial services provider’s stock valued at $5,286,000 after purchasing an additional 20,000 shares during the last quarter. 97.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Trupanion (NASDAQ:TRUP)

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.