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

Shares of Trustpilot Group plc (LON:TRST) were up 13.3% 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 changed 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 bought 718 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought 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 bought 108,116 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was acquired at an average price of GBX 138 per share, with a total value of £149,200.08.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

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 firm has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The stock’s fifty day moving average is GBX 197.45 and its two-hundred day moving average is GBX 219.41.

Trustpilot Group announced that its Board of Directors has authorized a share buyback program on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board 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.