Trustpilot Group (LON:TRST) Shares Up 13.3% After Insider Buying Activity

Trustpilot Group plc (LON:TRST) shares traded up 13.3% during mid-day trading on Saturday following insider buying activity. The company traded as high as GBX 150 and last traded at GBX 146.40. 8,857,204 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 3,740,079 shares. The stock had previously closed at GBX 129.20.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on TRST. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 13.3%

The company has a fifty day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.41. The company has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71.

Trustpilot Group declared that its Board of Directors has authorized a share buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are 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.