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

Trustpilot Group plc (LON:TRST) shares traded up 13.3% 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. 8,857,204 shares were traded during 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 firm’s stock in a transaction dated Friday, December 5th. The stock was bought at an average price 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 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 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, for a total transaction of £149,200.08.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note 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 research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Trading Up 13.3%

The company has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The business has a fifty day moving average price of GBX 197.45 and a 200-day moving average price of GBX 219.41.

Trustpilot Group announced that its board has initiated a stock buyback plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign 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.