Trupanion's 1Q Performance, Early Exit of CEO Lead to Estimate Cuts -- Market Talk

Dow Jones05-04

1206 ET - Trupanion's founder isn't handing the CEO position to President Margi Tooth from a position of strength after another disappointing quarter, Stifel analysts say in a research note. Darryl Rawlings was supposed to remain CEO of the pet insurance company, but he's leaving a year early. "There has been ongoing consolidation in the pet insurance industry of late, maybe Trupanion was for sale but there were no takers and Darryl has moved on?" the analysts ask. "While we may not know the answer, we do know that Trupanion's business fundamentals continue to deteriorate." Stifel now sees wider FY24 and FY25 losses and cuts its price target to $22 from $28. Shares fall 10% to $21.28. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

May 03, 2024 12:07 ET (16:07 GMT)

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Darryl Rawlings was supposed to remain CEO of the pet insurance company, but he's leaving a year early. \"There has been ongoing consolidation in the pet insurance industry of late, maybe Trupanion was for sale but there were no takers and Darryl has moved on?\" the analysts ask. \"While we may not know the answer, we do know that Trupanion's business fundamentals continue to deteriorate.\" Stifel now sees wider FY24 and FY25 losses and cuts its price target to $22 from $28. Shares fall 10% to $21.28. 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Darryl ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4162","symbol_name":"人寿与健康保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432188552","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432188552","pubTimestamp":1714752420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1206 ET - Trupanion's founder isn't handing the CEO position to President Margi Tooth from a position of strength after another disappointing quarter, Stifel analysts say in a research note. Darryl Rawlings was supposed to remain CEO of the pet insurance company, but he's leaving a year early. \"There has been ongoing consolidation in the pet insurance industry of late, maybe Trupanion was for sale but there were no takers and Darryl has moved on?\" the analysts ask. \"While we may not know the answer, we do know that Trupanion's business fundamentals continue to deteriorate.\" Stifel now sees wider FY24 and FY25 losses and cuts its price target to $22 from $28. Shares fall 10% to $21.28. 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