Trupanion (NASDAQ:TRUP) Rating Lowered to “Hold” at Zacks Research

Trupanion (NASDAQ:TRUP) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

TRUP has been the topic of several other research reports. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research note on Wednesday. Atlantic Securities set a $42.00 target price on shares of Trupanion in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their target price on Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.20.

Trupanion Trading Up 0.3%

Shares of NASDAQ TRUP opened at $31.84 on Monday. The firm has a 50-day moving average of $26.63 and a 200 day moving average of $26.02. Trupanion has a 1 year low of $21.16 and a 1 year high of $46.98. The stock has a market cap of $1.40 billion, a P/E ratio of 60.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $392.93 million for the quarter, compared to analysts’ expectations of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. Trupanion’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. As a group, sell-side analysts expect that Trupanion will post 0.63 EPS for the current fiscal year.

Insider Activity at Trupanion

In other Trupanion news, EVP Steve Weinrauch sold 6,674 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the transaction, the executive vice president owned 78,062 shares in the company, valued at $1,717,364. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John R. Gallagher sold 3,603 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.69, for a total transaction of $78,149.07. Following the completion of the sale, the chief operating officer owned 33,065 shares of the company’s stock, valued at $717,179.85. This trade represents a 9.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,117 shares of company stock valued at $275,123 over the last 90 days. 5.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Trupanion during the second quarter valued at approximately $134,774,000. California State Teachers Retirement System grew its position in Trupanion by 2,314.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,166,023 shares of the financial services provider’s stock valued at $28,882,000 after acquiring an additional 1,117,735 shares during the last quarter. Bank of America Corp DE purchased a new stake in Trupanion in the second quarter worth $14,262,000. Millennium Management LLC lifted its position in shares of Trupanion by 185.8% during the third quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider’s stock worth $26,790,000 after purchasing an additional 402,421 shares during the last quarter. Finally, Renaissancere Holdings Ltd. purchased a new stake in shares of Trupanion during the second quarter valued at $6,514,510,000.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.