In a report released today, John Barnidge from Piper Sandler maintained a Hold rating on Trupanion (TRUP – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $32.00.
Barnidge covers the Financial sector, focusing on stocks such as Voya Financial, Principal Financial, and Reinsurance Group. According to TipRanks, Barnidge has an average return of 8.6% and a 56.25% success rate on recommended stocks.
Currently, the analyst consensus on Trupanion is a Moderate Buy with an average price target of $37.60, representing a 17.50% upside. In a report released on August 4, Northland Securities also maintained a Hold rating on the stock with a $30.00 price target.
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Based on Trupanion’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $270.57 million and a GAAP net loss of $13.71 million. In comparison, last year the company earned a revenue of $219.41 million and had a GAAP net loss of $13.62 million
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Trupanion, Inc. engages in the provision of medical insurance for cats and dogs. It operates through the following segments: Subscription Business and Other Business. The Subscription Business segment involves in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members and contracts include multiple pets. The company was founded by Darryl Rawlings in January 2000 and is headquartered in Seattle, WA.
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