Trupanion (NASDAQ:TRUP) Given a $38.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $38.00 target price on Trupanion (NASDAQ:TRUP) in a research report report published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. BidaskClub cut Trupanion from a buy rating to a hold rating in a report on Friday, July 19th. TheStreet downgraded shares of Trupanion from a c rating to a d+ rating in a research report on Tuesday. Guggenheim initiated coverage on shares of Trupanion in a research report on Thursday, May 23rd. They set a buy rating and a $35.00 price target for the company. Northland Securities reissued a buy rating and set a $40.00 price target on shares of Trupanion in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of Trupanion from a hold rating to a sell rating in a research report on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Trupanion has an average rating of Buy and a consensus price target of $42.00.

Shares of TRUP stock traded down $0.41 during trading hours on Wednesday, reaching $31.45. 181,200 shares of the company’s stock were exchanged, compared to its average volume of 251,754. Trupanion has a fifty-two week low of $22.38 and a fifty-two week high of $46.39. The company has a market capitalization of $1.12 billion, a PE ratio of -1,048.33 and a beta of 1.32. The business’s fifty day simple moving average is $34.22. 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 released its earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Trupanion had a negative net margin of 0.23% and a negative return on equity of 0.59%. The company had revenue of $92.20 million during the quarter, compared to analyst estimates of $91.17 million. During the same period in the previous year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities research analysts forecast that Trupanion will post -0.07 earnings per share for the current fiscal year.

In other Trupanion news, CRO Margaret Tooth sold 750 shares of Trupanion stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $34.69, for a total value of $26,017.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction on Monday, May 20th. The stock was sold at an average price of $31.17, for a total transaction of $124,680.00. Following the completion of the transaction, the insider now directly owns 1,530,380 shares of the company’s stock, valued at approximately $47,701,944.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,153 shares of company stock valued at $1,875,757. 13.61% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its position in Trupanion by 38.6% in the first quarter. Clearbridge Investments LLC now owns 1,220,505 shares of the financial services provider’s stock valued at $39,959,000 after acquiring an additional 339,812 shares during the period. Millennium Management LLC increased its stake in shares of Trupanion by 1,006.9% in the 4th quarter. Millennium Management LLC now owns 284,032 shares of the financial services provider’s stock valued at $7,231,000 after purchasing an additional 258,372 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Trupanion in the 1st quarter valued at $5,702,000. BlackRock Inc. increased its stake in shares of Trupanion by 4.2% in the 4th quarter. BlackRock Inc. now owns 1,803,036 shares of the financial services provider’s stock valued at $45,905,000 after purchasing an additional 73,488 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Trupanion by 12.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 540,000 shares of the financial services provider’s stock valued at $17,680,000 after purchasing an additional 60,000 shares during the last quarter. 97.55% of the stock is owned by hedge funds and other institutional investors.

About Trupanion

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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Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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