Trupanion Inc (NASDAQ:TRUP) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 5,243,952 shares, an increase of 30.5% from the February 15th total of 4,019,568 shares. Currently, 37.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 364,345 shares, the days-to-cover ratio is currently 14.4 days.
In related news, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $34.08, for a total transaction of $119,280.00. Following the transaction, the insider now owns 1,386,476 shares of the company’s stock, valued at approximately $47,251,102.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Murray B. Low sold 3,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.42, for a total transaction of $85,260.00. Following the transaction, the director now directly owns 194,281 shares in the company, valued at approximately $5,521,466.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,500 shares of company stock worth $641,410. Corporate insiders own 31.24% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TRUP. First Mercantile Trust Co. bought a new stake in shares of Trupanion during the 4th quarter valued at about $129,000. JPMorgan Chase & Co. bought a new stake in shares of Trupanion during the 3rd quarter valued at about $143,000. Advisor Group Inc. bought a new stake in shares of Trupanion during the 4th quarter valued at about $182,000. Voya Investment Management LLC bought a new stake in shares of Trupanion during the 2nd quarter valued at about $215,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Trupanion during the 3rd quarter valued at about $221,000. 74.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Trupanion (TRUP) opened at $35.12 on Thursday. The stock has a market cap of $1,060.00, a price-to-earnings ratio of -702.40 and a beta of 0.57. Trupanion has a twelve month low of $13.88 and a twelve month high of $37.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.89 and a quick ratio of 1.89.
Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $66.55 million during the quarter, compared to the consensus estimate of $65.60 million. Trupanion had a negative return on equity of 6.66% and a negative net margin of 0.62%. equities analysts expect that Trupanion will post -0.05 earnings per share for the current year.
TRUP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Trupanion from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Lake Street Capital raised their price target on shares of Trupanion from $32.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. CL King initiated coverage on shares of Trupanion in a report on Tuesday, November 21st. They issued a “neutral” rating on the stock. BidaskClub raised shares of Trupanion from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Trupanion in a report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $35.57.
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Trupanion Company Profile
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.
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