Trustpilot Group (LON:TRST) Trading Up 0.4% – Still a Buy?

Shares of Trustpilot Group plc (LON:TRST) were up 0.4% during mid-day trading on Wednesday . The stock traded as high as GBX 219.20 ($2.94) and last traded at GBX 217.83 ($2.92). Approximately 2,601,686 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 3,072,351 shares. The stock had previously closed at GBX 217 ($2.91).

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRST shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 price objective on shares of Trustpilot Group in a report on Tuesday, July 15th. UBS Group reiterated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trustpilot Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Trading Up 0.4%

The firm has a market cap of £886.63 million, a PE ratio of -183.82 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 has a fifty day moving average price of GBX 219.21 and a 200 day moving average price of GBX 227.97.

Trustpilot Group declared that its board has approved a share repurchase plan on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In other news, insider Hanno Damm sold 238,976 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average price of GBX 215 per share, for a total transaction of £59,673.25. Corporate insiders own 17.68% 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.