Investing.com | May 08, 2023 12:02
Trupanion (NASDAQ:TRUP) shares extended losses early Monday after renowned brief sell Marc Cohodes said he is brief family pet insurer.
“I’m short this piece of s%!t Trupanion $TRUP,” Cohodes said Friday on a Hedgeye live interview. “They’re in family pet insurance coverage. They’re swindling the customer with family pet insurance coverage prices.”
Cohodes most just recently called the scams at FTX and was outspokenly brief Silvergate Capital (NYSE:SI) and Signature Bank prior to their collapse.
Shares of Trupanion fell almost 20% Friday after publishing frustrating Q1 outcomes. They reported Q1 EPS of ($0.60), $0.33 even worse than the expert quote of ($0.27). Revenue for the quarter was available in at $256.3 million versus the agreement quote of $251.68M.
Over the weekend, BofA Securities experts devalued Trupanion from Buy to Neutral with a cost target of $32.00
Shares of Trupanion are down another 4.6% in pre-open trading Monday.
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Written By: Investing.com