Trustpilot Group (LON:TRST) Stock Price Up 13.3% Following Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) rose 13.3% during 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 mid-day 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 bought 718 shares of the stock in a transaction on Friday, December 5th. The shares were acquired 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 business’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average cost of GBX 140 per share, with a total value of £70,000. In related news, insider Zillah Byng-Thorne acquired 108,116 shares of the company’s stock in a transaction that occurred on 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

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

Trustpilot Group Price Performance

The stock has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The business’s 50 day moving average price is GBX 197.45 and its two-hundred day moving average price is GBX 219.41. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

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