Trustpilot Group (LON:TRST) Trading 0.5% Higher – Time to Buy?

Trustpilot Group plc (LON:TRST) shares shot up 0.5% during mid-day trading on Tuesday . The company traded as high as GBX 168.40 and last traded at GBX 166.60. 1,318,205 shares were traded during trading, a decline of 65% from the average session volume of 3,767,573 shares. The stock had previously closed at GBX 165.80.

Wall Street Analysts Forecast Growth

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

Trustpilot Group Stock Up 0.5%

The stock has a 50 day moving average price of GBX 179.41 and a 200 day moving average price of GBX 211.07. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The company has a market capitalization of £665.09 million, a P/E ratio of -1.41 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Trustpilot Group

In related news, insider Adrian Blair bought 95,296 shares of Trustpilot Group stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average cost of GBX 157 per share, with a total value of £149,614.72. Also, insider Joe Hurd purchased 718 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of GBX 140 per share, with a total value of £1,005.20. Insiders have bought 378,053 shares of company stock valued at $61,840,900 in the last three months. Insiders own 17.92% of the company’s stock.

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.