TrupanionNASDAQ: TRUP

SEATTLE, June 19, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), the leading provider of medical insurance for cats and dogs, will host its Annual Investor Day on Wednesday, September 18, 2024. This annual event is designed to be the best opportunity for Trupanion shareholders and guests to understand Trupanion's achievements and challenges over the past year and its strategic vision going forward.

Trupanion is a global pet insurance company. Trupanion may be headed for profitability, with the new CEO emphasizing efficiency and free cash flow. The company offers pet insurance through subscriptions, focusing on growth first and profits later.

Focus on pet health and well-being in an underpenetrated pet insurance market, product launches, extended operating boundaries and a solid capital position continue to drive Trupanion (TRUP).

Trupanion, Inc. (Nasdaq: TRUP) announced today the latest status of its rate filing approval in California.

Trupanion, Inc. (NASDAQ: TRUP) held its Q1 2024 Earnings Conference Call on May 1, 2024 at 4:30 PM ET. The call was led by Laura Bainbridge, Darryl Rawlings, Margi Tooth, and Fawwad Qureshi. Conference Call Participants included Jian Li, Josh Shanker, Maria Ripps, Jon Block, John Barnidge, Katie Sacchi, Wilma Burdis. The operator welcomed everyone to the call and noted that all participants would be in a listen-only mode.

Trupanion announced better-than-expected preliminary Q4 2023 results. But the pet insurance company also told investors it expects to report two "material weaknesses" in internal controls when it files its annual report.

Trupanion has appointed a new Chief Financial Officer, after its former CFO left his position in June this year. Trupanion expects its Subscription Business' operating margin to expand to 15% in Q4 2024, as there is a time lag for pricing actions to take effect. I award a Hold rating to TRUP stock, after assessing the positives associated with the new CFO appointment and the long period of time it takes for meaningful profitability improvement.

The average of price targets set by Wall Street analysts indicates a potential upside of 38.8% in Trupanion (TRUP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Trupanion easily exceeded estimates with its third-quarter report, including 22% quarterly revenue growth and a significantly narrowed net loss. Total enrolled pets grew 19%, while subscription revenue climbed 20%.