Trustpilot Group (LON:TRST) Trading 10% Higher Following Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) traded up 10% on Friday following insider buying activity. The company traded as high as GBX 143.20 and last traded at GBX 142.10. 62,497,105 shares changed hands during mid-day trading, an increase of 1,476% from the average session volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Joe Hurd acquired 718 shares of the business’s stock in a transaction on Friday, December 5th. The stock was bought at an average cost of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm bought 50,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was purchased at an average cost of GBX 140 per share, for a total transaction of £70,000. In other news, insider Zillah Byng-Thorne purchased 108,116 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of GBX 138 per share, with a total value of £149,200.08.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. 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 research note on Tuesday, September 16th. UBS Group restated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trustpilot Group 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 price-to-earnings 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 company has a 50 day moving average price of GBX 197.45 and a 200 day moving average price of GBX 219.77.

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