Trupanion Inc (NASDAQ:TRUP) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,243,952 shares, a growth of 30.5% from the February 15th total of 4,019,568 shares. Based on an average daily volume of 364,345 shares, the short-interest ratio is presently 14.4 days. Currently, 37.4% of the company’s shares are sold short.
In other news, Director Murray B. Low sold 3,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.42, for a total value of $85,260.00. Following the completion of the transaction, the director now owns 194,281 shares in the company, valued at approximately $5,521,466.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Darryl Rawlings sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $28.42, for a total transaction of $99,470.00. Following the completion of the transaction, the insider now owns 1,379,476 shares of the company’s stock, valued at approximately $39,204,707.92. The disclosure for this sale can be found here. Insiders have sold 20,500 shares of company stock worth $641,410 over the last ninety days. 31.24% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Trupanion by 13.5% in the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,342 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Trupanion by 3.7% in the second quarter. California Public Employees Retirement System now owns 42,200 shares of the financial services provider’s stock worth $944,000 after purchasing an additional 1,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in Trupanion by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 79,000 shares of the financial services provider’s stock worth $2,311,000 after purchasing an additional 1,818 shares during the period. First Mercantile Trust Co. acquired a new position in Trupanion in the fourth quarter worth $129,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Trupanion by 13.7% in the second quarter. Parametric Portfolio Associates LLC now owns 41,738 shares of the financial services provider’s stock worth $934,000 after purchasing an additional 5,032 shares during the period. Institutional investors and hedge funds own 74.75% of the company’s stock.
Trupanion stock opened at $30.98 on Thursday. The company has a market cap of $943.62, a P/E ratio of -516.25 and a beta of 0.57. Trupanion has a 1-year low of $13.88 and a 1-year 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 posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $65.60 million. Trupanion had a negative net margin of 0.62% and a negative return on equity of 6.66%. equities analysts expect that Trupanion will post -0.05 EPS for the current fiscal year.
A number of brokerages recently weighed in on TRUP. BidaskClub cut shares of Trupanion from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Northland Securities restated a “buy” rating and set a $38.00 price objective on shares of Trupanion in a research report on Thursday, February 8th. Zacks Investment Research downgraded shares of Trupanion from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Cowen reiterated an “outperform” rating and issued a $38.00 price target (up previously from $32.00) on shares of Trupanion in a report on Wednesday, February 14th. Finally, Stifel Nicolaus reiterated 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $35.57.
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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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