Trustpilot Group (LON:TRST) Shares Up 10% Following Insider Buying Activity

Trustpilot Group plc (LON:TRST)’s stock price rose 10% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 143.20 and last traded at GBX 142.10. Approximately 62,497,105 shares changed hands during trading, an increase of 1,476% from the average daily volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Joe Hurd bought 718 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average price of GBX 140 per share, with a total value of £70,000. In other news, insider Zillah Byng-Thorne acquired 108,116 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRST shares. UBS Group restated a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Trustpilot Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The stock has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company’s 50 day moving average price is GBX 197.45 and its two-hundred day moving average price is GBX 219.58.

Trustpilot Group declared that its board has approved a stock repurchase program on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

About Trustpilot Group

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.