Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, Inc. in 2013. Trupanion, Inc. was founded in 2000 and is headquartered in Seattle, Washington.
IPO Year:
Exchange: NASDAQ
Website: trupanion.com
Date | Price Target | Rating | Analyst |
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7/19/2024 | Outperform | William Blair | |
5/16/2024 | $35.00 → $49.00 | Neutral → Buy | BofA Securities |
5/8/2023 | $72.00 → $32.00 | Buy → Neutral | BofA Securities |
9/21/2022 | $77.00 | Buy | Jefferies |
8/4/2022 | $80.00 → $69.00 | Overweight → Neutral | Piper Sandler |
2/24/2022 | $129.00 → $118.00 | Neutral → Buy | B of A Securities |
12/8/2021 | $126.00 → $183.00 | Overweight | Piper Sandler |
11/8/2021 | $112.00 → $129.00 | Buy → Neutral | BofA Securities |
10/18/2021 | $112.00 | Buy | BofA Securities |
10/6/2021 | $110.00 | Overweight | Piper Sandler |
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Boehringer Ingelheim, Mars Science & Diagnostics and leading pet, public health and animal health authorities to join Advisory Board Collaboration to address emerging pet and public health threats to protect pets and peopleEarly detection potential has global pet and public health benefits SEATTLE, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs in North America, in partnership with the Centers for Disease Control and Prevention (CDC), and leading pet industry partners, today announced the formation of a collaborative Advisory Board to launch a Pet & Public Health Early Warning & Detection System. The Advisory B
SEATTLE, May 02, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leading provider of medical insurance for cats and dogs, today announced that its Board of Directors has unanimously approved the appointment of Margi Tooth to Chief Executive Officer, effective August 1, 2024. Tooth's appointment to CEO marks the culmination of a multi-year, board-led process. Tooth will also continue as President and hold the dual titles of CEO and President. Additionally, Tooth is anticipated to be appointed to Trupanion's Board of Directors during its July meeting. Trupanion's founder and outgoing CEO Darryl Rawlings will continue to serve in the role of Chair of the Board, in which capacity he
A global entrepreneur with decades of experience growing insurance businesses worldwide, including pet insurance brands in Australia and South AfricaEnthoven associated with Tarmac DLTFM LTD., holder of 8.6% of Trupanion outstanding shares SEATTLE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) has appointed Richard Enthoven, Director at PetSure Australia and Hollard Holdings Australia, as an independent director to the Company's Board of Directors, effective today. Tarmac DLTFM LTD. ("Tarmac"), an Enthoven family investment entity, purchased shares of Trupanion in the open market between July and October of 2023, amounting to approximately 8.6% of Trupanion's outsta
SEATTLE, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), the leading provider of pet medical insurance for cats and dogs, announced today the appointment of Fawwad Qureshi as Chief Finance Officer. Mr. Qureshi will officially join Trupanion on September 25, 2023. Mr. Qureshi joins Trupanion with over 20 years of senior-level financial experience, successfully steering growth in revenue and profitability for publicly-traded, global growth companies. Notably, during his most recent tenure at Expedia Group as Senior Vice President of Finance and CFO of Brands, Qureshi had full P&L and commercial responsibility for its over $9 billion portfolio of world-class consumer brand
SEATTLE, July 05, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) announced that Max Brodén, Chief Financial Officer of Aflac Incorporated, has been appointed to serve as an independent director effective July 4, 2023. This appointment expands the Board to nine directors, eight of whom are independent. "We're excited to welcome Max as the newest independent member of our Board," said Darryl Rawlings, Founder, CEO and Chair of the Board. "Max's global financial knowledge and expertise in both the insurance and investment industries, including as CFO for the largest publicly traded supplemental health insurance company, will be extremely valuable to Trupanion." "Max is a natural lea
New Independent Directors Bring Significant Experience with Global Growth Brands SEATTLE, April 27, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) announced today the appointment of Paulette Dodson, former General Counsel and Corporate Secretary at Alight, Inc., PetSmart Inc., and Sara Lee Corporation, and Elizabeth "Betsy" McLaughlin, former Chief Executive Officer of Hot Topic, to the Company's Board of Directors. "We're pleased to welcome Paulette and Betsy to our Board," said Darryl Rawlings, Founder, CEO and Chair of the Board. "They bring significant experience driving strategic growth for global consumer brands to Trupanion and are passionate about pets and
SEATTLE, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP) announced today that Darryl Rawlings, Founder & Chief Executive Officer, will assume the additional role of Chair of the Board, effective immediately. Murray Low, PhD, the prior Chair of the Board, will assume the role of Lead Independent Director. Today's announcement is in alignment with the Company's long-term succession plans and Mr. Rawlings's intention to support a smooth CEO succession in 2025 and, if amenable to shareholders, to serve as Chair of the Board until 2035. "I look forward to continuing to actively support Trupanion in my new role as Lead Independent Director," said Dr. Low. "The Board and I are co
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SEATTLE, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs in North America, was honored today by Built In and its 2025 Best Places To Work Awards. Trupanion earned a spot on Built In's Best Places to Work in Seattle and 100 Best Large Places to Work in Seattle. This achievement marks the 6th consecutive year Trupanion has been recognized among Seattle's top workplaces by Built In. "It is a delight to see Trupanion named one of the Best Places to Work in Seattle for the 6th consecutive year," says Trupanion CEO, Margi Tooth. "At Trupanion, we are dedicated to fostering a work environment that empowers them to gro
NEW YORK, Dec. 17, 2024 /PRNewswire/ -- URvet Care, a trusted provider of exceptional veterinary care, is proud to announce its collaboration with Trupanion, a leading provider of pet medical insurance for cats and dogs. This collaboration allows URvet Care to help pet parents through Trupanion's innovative Vet Direct Pay solution. Trupanion is the only pet insurer in North America capable of paying their portion of a client's invoice directly to the treating hospital at the time of checkout – in less than a minute, on average. With this partnership, URvet Care joins more than
SEATTLE, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs in North America, announced today the receipt of six 2024 VIBE Awards related to employee benefits. Trupanion was named a top employer in six out of seven categories, gaining recognition in Financial & Retirement, Health & Wellness Benefits, Parental Benefits, Work Flexibility, Professional Development Benefits, and Vacation & Time Off Benefits. "Trupanion is made up of passionate people who care deeply about helping cats and dogs in their time of need. We extend this philosophy to our team members, striving to offer a competitive benefits package t
SEATTLE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Something crisp and biting this way comes. Temperatures are dropping, and as we begin to bundle up for the wintery weather, our pets, particularly older pets, may begin to show additional signs of pain, discomfort and stiffness. In 2023 alone, pet medical insurance company Trupanion (NASDAQ:TRUP) paid 61,000 limping claims, nearly 35,000 cranial cruciate ligament (CCL) rupture claims, 32,000 arthritis claims and 1,200 hip dysplasia claims. These conditions can be aggravated by cold weather, and Trupanion data shows older pets are significantly more likely to be affected than adult pets, puppies or kittens. "It's important to insure pets when the
Helping pets get the care they need, Trupanion surpasses $3 billion in payments to veterinarians and pet parents. Data shows allergies as top condition affecting dogs and cats. SEATTLE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Pet medical insurance provider Trupanion would like to thank a 9-year-old Maltipoo from Coral Springs, Florida named Lexi for helping the Seattle based company achieve a major milestone. Trupanion (NASDAQ:TRUP) has now paid over $3 billion in medical bills to veterinarians and pet parents. The massive number shows just how passionate Trupanion is about protecting pets and providing pet parents worldwide with financial peace of mind. "Trupanion exists to help
SEATTLE, Nov. 07, 2024 (GLOBE NEWSWIRE) -- His name is Bass. And thanks to Trupanion, shelter organizations and pet parents nationwide, this loveable 18-week-old Pomsky now has a new home. Bass was adopted during Trupanion's Tricked Out for Treats Pet-tacular. "I'm overjoyed we were able to help Bass find a new home. The bond between people and their pets is such a special one. At Trupanion, our mission is to protect that bond by supporting pet parents and ensuring the health of their pets. It was wildly entertaining to see all the pets and pet parents in their costumes but more than anything else, the Tricked Out for Treats contest really reinforced why Trupanion's mission is so import
SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the third quarter ended September 30, 2024. "Q3 was a very strong financial quarter for the company, combining consistent revenue growth with a 66% year-over-year increase in subscription discretionary profit," said Margi Tooth, Chief Executive Officer and President of Trupanion. "This outperformance was driven by aligning the cost of veterinary care with member pricing, resulting in the achievement of our target value proposition of 71%. Trupanion is solving a bigger problem today than ever before, and after generat
SEATTLE, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Tis the season for holiday decor. But all those haunted Halloween decorations, Thanksgiving centerpieces and Christmas ornaments present a hidden danger pet parents need to watch out for. In 2023 alone, pet medical insurance company Trupanion (NASDAQ:TRUP) received more than 24,000 foreign body ingestion claims. Foreign body ingestion (FBI) is a painful, sometimes deadly, and costly condition that happens when a pet eats something they can't pass through their gastrointestinal system without veterinary help. "Keep a close eye on your pets during the holiday season," says veterinarian and Trupanion General Manager, Dr. Stephen Rose, BVSc (Hons1)
SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 third quarter after the market closes on Wednesday, October 30, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast (including a slide presentation) discussing results, guidance and management observations will be available on Trupanion's Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. Participants can access the conferen
SEATTLE, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Do you have a Cleocatra? Perhaps a Vampug or Terri-fido. Because whether they're spooky, sweet or somewhere in between—it's time to break out the costume box for Trupanion's Tricked Out for Treats Pet-tacular, a pet costume contest to run throughout October. Starting October 1, Trupanion invites pet parents to share photos of their furry friends in (pet safe!) costumes for a chance to win a custom pet portrait, pet-tacular swag, global spotlight opportunities, and ultimate bragging rights. And with eight tricked-out categories like ‘Solo Stunner' for pet close ups and ‘Clinic Charmer' spotlighting pets and veterinary team members, there's somet
SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the third quarter ended September 30, 2024. "Q3 was a very strong financial quarter for the company, combining consistent revenue growth with a 66% year-over-year increase in subscription discretionary profit," said Margi Tooth, Chief Executive Officer and President of Trupanion. "This outperformance was driven by aligning the cost of veterinary care with member pricing, resulting in the achievement of our target value proposition of 71%. Trupanion is solving a bigger problem today than ever before, and after generat
SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), a leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 third quarter after the market closes on Wednesday, October 30, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast (including a slide presentation) discussing results, guidance and management observations will be available on Trupanion's Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. Participants can access the conferen
SEATTLE, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the second quarter ended June 30, 2024. "Q2 was a strong quarter, benefitting from consistent revenue growth and margin expansion," said Margi Tooth, President and Chief Executive Officer of Trupanion. "We were able to once again deliver consistent subscription revenue growth while generating free cash flow of $24 million over the past 12 months. Discretionary profit from our core subscription business increased 63% in the quarter, and we look forward to gradually deploying more capital at high estimated internal rates
SEATTLE, July 18, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 second quarter after the market closes on Thursday, August 8, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast, to include a slide presentation, will be available on Trupanion's Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. Participants can access the conference call by dialing 1-877-300-8521 (United States) or 1-412-3
SEATTLE, May 02, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the first quarter ended March 31, 2024. "It was a solid start to the year, with performance across our key financial metrics as expected," said Margi Tooth, President of Trupanion. "Subscription revenue increased by 22% year-over-year. Moreover, discretionary profit from our core subscription business increased 55% while acquisition spend decreased 23% year-over-year. We continue to prioritize cash flow generation with the intention of gradually increasing our spending on growth as our margins expand." First Quarter
SEATTLE, April 19, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 first quarter after the market closes on Thursday, May 2, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast, to include a slide presentation, will be available on Trupanion's Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. Participants can access the conference call by dialing 1-877-300-8521 (United States) or 1-412-317-
SEATTLE, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the fourth quarter and full year ended December 31, 2023. The financial results are preliminary and subject to completion of the Company's audit as described below. "I am pleased that Q4 showed continued improvement in our financial metrics," said Darryl Rawlings, CEO and Chair of the Board. "The combination of accelerated subscription revenue growth, continued margin expansion and efficient acquisition spend drove another quarter of positive free cash flow." Fourth Quarter 2023 Financial and Business Highlights
SEATTLE, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leader in medical insurance for cats and dogs, announced today it will report financial results for its 2023 fourth quarter and full year after the market closes on Thursday, February 15, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast, to include a slide presentation, will be available on Trupanion's Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. Participants can access the conference call by dialing 1-877-300-8521 (United S
COLUMBUS, Ga. and SEATTLE, Dec. 14, 2023 (GLOBE NEWSWIRE) -- "Since the establishment of a strategic business alliance in November 2020, Aflac Incorporated and Trupanion have shared a common belief that employers should consider a package of benefits for their employees to address the increasing number of consumers whose pets are a vital part of their families. Our collaboration addresses the growing need for solutions that help pet owners manage rising veterinary care costs. Together, we have launched a suite of high-quality pet medical insurance products available at U.S. worksites. After testing this alignment in Japan, a key market for Aflac, a decision was made to withdraw from develo
SEATTLE, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Trupanion, Inc. (NASDAQ:TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the third quarter ended September 30, 2023. "I am happy to report we achieved $11 million in operating cash flow and $7 million in free cash flow, while continuing to grow our revenue at historical levels" said Darryl Rawlings, CEO and Chair of the Board. "The team, under Margi's leadership, accomplished these impressive quarter-over-quarter results with strong execution throughout the organization and the momentum of an over 40% sequential increase in discretionary profit driven by our core subscription business."
William Blair initiated coverage of Trupanion with a rating of Outperform
BofA Securities upgraded Trupanion from Neutral to Buy and set a new price target of $49.00 from $35.00 previously
BofA Securities downgraded Trupanion from Buy to Neutral and set a new price target of $32.00 from $72.00 previously
Jefferies initiated coverage of Trupanion with a rating of Buy and set a new price target of $77.00
Piper Sandler downgraded Trupanion from Overweight to Neutral and set a new price target of $69.00 from $80.00 previously
B of A Securities upgraded Trupanion from Neutral to Buy and set a new price target of $118.00 from $129.00 previously
Piper Sandler reiterated coverage of Trupanion with a rating of Overweight and set a new price target of $183.00 from $126.00 previously
BofA Securities downgraded Trupanion from Buy to Neutral and set a new price target of $129.00 from $112.00 previously
BofA Securities initiated coverage of Trupanion with a rating of Buy and set a new price target of $112.00
Piper Sandler initiated coverage of Trupanion with a rating of Overweight and set a new price target of $110.00