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

Trustpilot Group plc (LON:TRST) shares rose 13.3% during trading on Saturday following insider buying activity. 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 business’s stock in a transaction that occurred on Friday, December 5th. The stock was bought 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 firm’s stock in a transaction on Thursday, December 4th. The stock was acquired 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 acquired 108,116 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average price of GBX 138 per share, with a total value of £149,200.08.

Analyst Ratings Changes

TRST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on 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 objective 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Performance

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 current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The business’s 50 day moving average is GBX 197.45 and its two-hundred day moving average is GBX 219.41.

Trustpilot Group announced that its board has approved a share buyback plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.