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

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

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

Analyst Upgrades and Downgrades

TRST has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Performance

The company has a 50-day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.41. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The firm has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02.

Trustpilot Group declared that its board has approved a share buyback plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication 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.