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

Shares of Trustpilot Group plc (LON:TRST) traded up 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. 62,497,105 shares traded hands during trading, an increase of 1,476% from the average session volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

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

Analysts Set New Price Targets

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

Trustpilot Group Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02. The stock’s fifty day moving average price is GBX 197.45 and its 200-day moving average price is GBX 219.58.

Trustpilot Group declared that its board has authorized a stock repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Trustpilot Group Company Profile

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.