Trupanion’s (TRUP) “Outperform” Rating Reaffirmed at Cowen

Cowen reaffirmed their outperform rating on shares of Trupanion (NASDAQ:TRUP) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage currently has a $38.00 target price on the financial services provider’s stock, up from their prior target price of $32.00.

Several other equities research analysts also recently issued reports on TRUP. Northland Securities reaffirmed a buy rating and issued a $38.00 price target on shares of Trupanion in a research report on Thursday, February 8th. Zacks Investment Research downgraded Trupanion from a buy rating to a hold rating in a research report on Tuesday, October 17th. BidaskClub downgraded Trupanion from a buy rating to a hold rating in a research report on Friday, November 10th. Stifel Nicolaus raised their price target on Trupanion from $33.00 to $34.00 and gave the company a buy rating in a research report on Wednesday. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $35.00 price target (up from $29.00) on shares of Trupanion in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Trupanion currently has an average rating of Buy and a consensus price target of $35.57.

Trupanion (TRUP) opened at $31.14 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. Trupanion has a 1 year low of $13.88 and a 1 year high of $36.88.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $66.55 million during the quarter, compared to analyst estimates of $65.60 million. Trupanion had a negative net margin of 0.62% and a negative return on equity of 6.72%. equities analysts expect that Trupanion will post 0.03 earnings per share for the current year.

In related news, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $34.36, for a total value of $120,260.00. Following the completion of the sale, the insider now owns 1,382,976 shares in the company, valued at $47,519,055.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Asher Bearman sold 4,039 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $28.40, for a total transaction of $114,707.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,039 shares of company stock valued at $775,403. 31.24% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nine Ten Capital Management LLC lifted its stake in shares of Trupanion by 0.7% in the fourth quarter. Nine Ten Capital Management LLC now owns 1,384,867 shares of the financial services provider’s stock valued at $40,535,000 after buying an additional 9,900 shares during the period. BlackRock Inc. lifted its stake in shares of Trupanion by 15.2% in the fourth quarter. BlackRock Inc. now owns 1,310,881 shares of the financial services provider’s stock valued at $38,370,000 after buying an additional 172,785 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Trupanion by 2.4% in the third quarter. Baillie Gifford & Co. now owns 1,005,983 shares of the financial services provider’s stock valued at $26,568,000 after buying an additional 23,610 shares during the period. Vanguard Group Inc. lifted its stake in shares of Trupanion by 16.6% in the second quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock valued at $16,977,000 after buying an additional 108,135 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Trupanion by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 392,900 shares of the financial services provider’s stock valued at $11,500,000 after buying an additional 11,616 shares during the period. Institutional investors and hedge funds own 63.79% of the company’s stock.

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About Trupanion

Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.

The Fly

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