Equities research analysts at Northland Securities assumed coverage on shares of Trupanion (NASDAQ:TRUP) in a research note issued on Tuesday, AnalystRatings.com reports. The brokerage set a “buy” rating and a $40.00 price target on the financial services provider’s stock. Northland Securities’ price objective suggests a potential upside of 24.96% from the company’s previous close.
The analysts wrote, “We are assuming coverage of Outperform rating and a lower $40 price target. We believe that TRUP is successfully redefining the pet insurance industry and believe its severely under-penetrated TAM offers attractive long-term growth potential. We expect the company’s highly predictable subscription model with strong retention rates to continue to drive strong operating metrics and improving profitability over time. TRUP’s strong Q1:19 results featuring 15.4% subscription pets enrolled growth, ~5% monthly ARPP growth, 98.6% average monthly retention and improving FCF (+$3.1M, up ~184% YoY), we have continued conviction in the company’s ability to drive category growth and market penetration, while also improving upon its operating scale and metrics going forward.””
A number of other brokerages also recently commented on TRUP. ValuEngine downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, BidaskClub lowered shares of Trupanion from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $44.89.
Shares of NASDAQ:TRUP opened at $32.01 on Tuesday. The company has a market capitalization of $1.04 billion, a P/E ratio of -1,067.00 and a beta of 1.15. Trupanion has a 52 week low of $22.38 and a 52 week 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.
Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $86.98 million during the quarter, compared to the consensus estimate of $85.87 million. Trupanion had a negative return on equity of 0.59% and a negative net margin of 0.23%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS. On average, sell-side analysts predict that Trupanion will post 0.02 EPS for the current fiscal year.
In other Trupanion news, Director Murray B. Low sold 10,000 shares of Trupanion stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $31.76, for a total value of $317,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Tricia Plouf sold 1,300 shares of Trupanion stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $30.00, for a total transaction of $39,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,300 shares in the company, valued at $39,000. The disclosure for this sale can be found here. Insiders sold 102,803 shares of company stock worth $3,242,243 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its holdings in Trupanion by 0.6% in the first quarter. New York State Common Retirement Fund now owns 65,526 shares of the financial services provider’s stock worth $2,145,000 after purchasing an additional 410 shares during the last quarter. Alpha Omega Wealth Management LLC grew its holdings in shares of Trupanion by 110.8% during the first quarter. Alpha Omega Wealth Management LLC now owns 843 shares of the financial services provider’s stock valued at $28,000 after buying an additional 443 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Trupanion by 12.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,044 shares of the financial services provider’s stock valued at $165,000 after buying an additional 576 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Trupanion by 14.9% during the fourth quarter. Legal & General Group Plc now owns 4,552 shares of the financial services provider’s stock valued at $116,000 after buying an additional 590 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Trupanion by 2.2% during the first quarter. Rhumbline Advisers now owns 33,071 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 726 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.
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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