Trupanion (NASDAQ:TRUP) had its price target boosted by stock analysts at Lake Street Capital from $32.00 to $41.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Lake Street Capital’s price target would suggest a potential upside of 31.12% from the company’s current price.

A number of other research firms have also commented on TRUP. BidaskClub upgraded Trupanion from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Northland Securities reiterated a “buy” rating and issued a $38.00 price objective on shares of Trupanion in a research note on Thursday, February 8th. Cowen reiterated an “outperform” rating and issued a $38.00 price objective (up from $32.00) on shares of Trupanion in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Trupanion from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Trupanion from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.57.

Trupanion (NASDAQ:TRUP) opened at $31.27 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $935.74, a PE ratio of -347.41 and a beta of 0.34. Trupanion has a 12 month low of $13.88 and a 12 month high of $36.88.

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

A number of institutional investors and hedge funds have recently modified their holdings of TRUP. BlackRock Inc. increased its stake in Trupanion by 15.2% during the fourth quarter. BlackRock Inc. now owns 1,310,881 shares of the financial services provider’s stock valued at $38,370,000 after acquiring an additional 172,785 shares during the period. DAVENPORT & Co LLC increased its stake in Trupanion by 199.3% during the fourth quarter. DAVENPORT & Co LLC now owns 188,770 shares of the financial services provider’s stock valued at $5,525,000 after acquiring an additional 125,707 shares during the period. State Street Corp increased its stake in Trupanion by 54.4% during the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock valued at $7,752,000 after acquiring an additional 121,990 shares during the period. The Manufacturers Life Insurance Company increased its stake in Trupanion by 647.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 134,997 shares of the financial services provider’s stock valued at $3,951,000 after acquiring an additional 116,940 shares during the period. Finally, Vanguard Group Inc. increased its stake in Trupanion by 16.6% during the second quarter. Vanguard Group Inc. now owns 758,594 shares of the financial services provider’s stock valued at $16,977,000 after acquiring an additional 108,135 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

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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.

Analyst Recommendations for Trupanion (NASDAQ:TRUP)

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