Trupanion: Great Business, But It Is Time To Cash Out (Rating Downgrade) [Seeking Alpha]
Trupanion, Inc. (TRUP)
Last trupanion, inc. earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
investors.trupanion.com
Company Research
Source: Seeking Alpha
Summary Trupanion's stock surged over 60% since my June 2024 buy rating. Trupanion's Q2 results show strong revenue and subscription growth, with free cash flow turning positive, indicating a sustainable business model. Price hikes are essential due to rising veterinary costs and increasing anxiety claims in pets, which could impact long-term profitability if not managed. Shares are no longer a buy, and I reiterate my $40 price target with a hold rating now. alfexe Thesis Recap On June 2024, I wrote a buy thesis on Trupanion ( NASDAQ: TRUP ), arguing the company was pursuing a growth first, profitability later strategy and therefore its past did not accurately represent its true value potential for investors. Since then, the stock is up over 60%, and the thesis has largely played out much faster than I thought it would. Therefore, I am no longer bullish and want to change my buy rating to a hold, as my price target has already been reached. Raising Prices Is Key The
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TRUP
News
- Chewy executive conducted insider trading over pet insurance partnership, SEC says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chewy executive conducted insider trading over pet insurance partnership, SEC says [Yahoo! Finance]Yahoo! Finance
- Trupanion Stock Rallies 37.9% Year to Date: More Room for Upside? [Yahoo! Finance]Yahoo! Finance
- Calling All Paw-ty Animals: Trupanion to Connect Families & Shelter Pets for a Frightfully Howling HalloweenGlobeNewswire
- Best Pet Insurance In New Hampshire Of 2024 [Forbes]Forbes
TRUP
Earnings
- 8/8/24 - Beat
TRUP
Sec Filings
- 9/5/24 - Form 8-K
- 8/30/24 - Form 4
- 8/28/24 - Form 144
- TRUP's page on the SEC website