Trupanion Inc (NASDAQ:TRUP) Director Howard E. Rubin sold 45,000 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $27.02, for a total transaction of $1,215,900.00. Following the completion of the transaction, the director now directly owns 230,993 shares of the company’s stock, valued at $6,241,430.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Trupanion stock traded up $0.28 during trading hours on Monday, reaching $26.95. 268,000 shares of the company’s stock were exchanged, compared to its average volume of 392,542. Trupanion Inc has a fifty-two week low of $22.55 and a fifty-two week high of $46.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $891.31 million, a price-to-earnings ratio of -382.93 and a beta of 1.08.
Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, November 8th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The company had revenue of $78.16 million for the quarter, compared to analysts’ expectations of $77.70 million. Trupanion had a negative net margin of 0.52% and a negative return on equity of 2.45%. Trupanion’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts expect that Trupanion Inc will post -0.01 earnings per share for the current year.
A number of research firms have recently commented on TRUP. Lake Street Capital restated a “buy” rating and set a $46.00 price objective (up from $41.00) on shares of Trupanion in a research note on Friday, August 3rd. Stifel Nicolaus increased their price objective on shares of Trupanion from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Canaccord Genuity increased their price objective on shares of Trupanion from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. ValuEngine downgraded shares of Trupanion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, CL King upgraded shares of Trupanion from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.89.
Several hedge funds have recently modified their holdings of TRUP. SG Americas Securities LLC bought a new stake in shares of Trupanion in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC bought a new stake in shares of Trupanion in the 3rd quarter valued at about $118,000. First Mercantile Trust Co. bought a new stake in shares of Trupanion in the 2nd quarter valued at about $142,000. US Bancorp DE raised its holdings in shares of Trupanion by 111.8% in the 2nd quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 2,382 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Trupanion in the 2nd quarter valued at about $224,000. 96.18% of the stock is currently owned by institutional investors.
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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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