Trustpilot Group plc (LON:TRST – Get Free Report)’s stock price was up 13.3% during mid-day trading on Saturday after an insider bought additional shares in the company. The stock traded as high as GBX 150 and last traded at GBX 146.40. Approximately 8,857,204 shares were traded 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 company’s stock in a transaction dated Friday, December 5th. The shares were acquired 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 Trustpilot Group stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 140 per share, with a total value of £70,000. In other Trustpilot Group news, insider Zillah Byng-Thorne acquired 108,116 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were bought at an average cost of GBX 138 per share, for a total transaction of £149,200.08.
Analysts Set New Price Targets
A number of research firms have recently weighed in on TRST. UBS Group reissued a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.
Trustpilot Group Price Performance
The company has a market capitalization 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 50 day simple moving average of GBX 197.45 and a 200-day simple moving average of GBX 219.41.
Trustpilot Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership 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.
See Also
- Five stocks we like better than Trustpilot Group
- How to start investing in penny stocks
- Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast
- How to Read Stock Charts for Beginners
- Five Below and Dollar Tree Earnings Signal a Shopper Shift
- Asset Allocation Strategies in Volatile Markets
- Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?
Receive News & Ratings for Trustpilot Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustpilot Group and related companies with MarketBeat.com's FREE daily email newsletter.
