Stifel lowered the firm’s price target on Trupanion (TRUP) to $41 from $44 and keeps a Hold rating on the shares. Retention missed slightly, but “the main issue continues to be the lack of subscriber growth,” the analyst tells investors in a post-earnings note. The firm believes Trupanion “had challenges adding pets when its ARPU was $50/month,” adding that “now it is $75 and market share losses seem to be accelerating.”
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