Trupanion (NASDAQ:TRUP) Downgraded by Bank of America to Neutral

Posted by Defense World Staff on May 8th, 2023

Bank of America lowered shares of Trupanion (NASDAQ:TRUP – Get Rating) from a buy rating to a neutral rating in a report released on Sunday, The Fly reports.

Several other equities analysts have also recently commented on TRUP. Evercore ISI reduced their price target on shares of Trupanion from $68.00 to $59.00 in a research report on Friday, March 24th. Canaccord Genuity Group increased their price target on shares of Trupanion from $66.00 to $72.00 and gave the stock a buy rating in a research report on Thursday, February 16th. Jefferies Financial Group reduced their price target on shares of Trupanion from $75.00 to $65.00 and set a buy rating on the stock in a research report on Tuesday, March 28th. Piper Sandler reduced their price target on shares of Trupanion from $44.00 to $33.00 in a research report on Friday. Finally, Stifel Nicolaus reduced their price target on shares of Trupanion from $51.00 to $37.00 and set a hold rating on the stock in a research report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $62.80.

Trupanion Stock Performance

NASDAQ:TRUP opened at $28.88 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50-day moving average of $44.43 and a two-hundred day moving average of $50.11. The stock has a market cap of $1.19 billion, a P/E ratio of -19.51 and a beta of 1.70. Trupanion has a 1-year low of $23.35 and a 1-year high of $82.49.

Trupanion (NASDAQ:TRUP – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The financial services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.07. The company had revenue of $246.01 million during the quarter, compared to analysts’ expectations of $242.28 million. Trupanion had a negative net margin of 6.34% and a negative return on equity of 19.64%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) EPS. On average, research analysts expect that Trupanion will post -0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $35.48, for a total value of $141,920.00. Following the sale, the chief executive officer now owns 833,109 shares in the company, valued at $29,558,707.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Trupanion news, Director Michael Doak sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $40.00, for a total value of $110,000.00. Following the sale, the director now owns 1,682 shares in the company, valued at $67,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $35.48, for a total transaction of $141,920.00. Following the completion of the sale, the chief executive officer now owns 833,109 shares in the company, valued at approximately $29,558,707.32. The disclosure for this sale can be found here. Insiders have sold 26,950 shares of company stock valued at $1,351,607 over the last quarter. Insiders own 5.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its stake in shares of Trupanion by 95.6% during the fourth quarter. Lindbrook Capital LLC now owns 573 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 280 shares during the period. Strs Ohio acquired a new position in shares of Trupanion during the third quarter valued at approximately $35,000. Quadrant Capital Group LLC increased its stake in shares of Trupanion by 235.7% during the fourth quarter. Quadrant Capital Group LLC now owns 940 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 660 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Trupanion by 24.0% during the third quarter. Harbor Investment Advisory LLC now owns 1,168 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 226 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Trupanion by 45.2% during the second quarter. Captrust Financial Advisors now owns 1,297 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 97.55% of the company’s stock.

Trupanion Company Profile

(Get Rating)

Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the Subscription Business and Other Business. The Subscription Business segment is involved in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members.

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.