Trustpilot Group (LON:TRST) Trading 13.3% Higher Following Insider Buying Activity

Trustpilot Group plc (LON:TRST) shares were up 13.3% during trading on Saturday after an insider bought additional shares in the company. The company traded as high as GBX 150 and last traded at GBX 146.40. Approximately 8,857,204 shares were traded 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 bought 718 shares of the company’s stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm bought 50,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were acquired 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 the stock in a transaction dated Thursday, December 4th. The shares were acquired at an average cost of GBX 138 per share, for a total transaction of £149,200.08.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRST shares. Deutsche Bank Aktiengesellschaft raised their target price 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. UBS Group restated a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a report 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 company’s stock. According to data from MarketBeat.com, Trustpilot Group presently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The company has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The company has a 50-day moving average price of GBX 197.45 and a two-hundred day moving average price of GBX 219.41.

Trustpilot Group declared that its board has approved a share repurchase program on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are 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.