Trustpilot Group (LON:TRST) Shares Up 13.3% After Insider Buying Activity

Trustpilot Group plc (LON:TRST)’s share price was up 13.3% 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 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 acquired 718 shares of the business’s stock in a transaction that occurred on 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 bought 50,000 shares of the stock in a transaction on Thursday, December 4th. The shares were purchased at an average price of GBX 140 per share, with a total value of £70,000. In other news, insider Zillah Byng-Thorne purchased 108,116 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were purchased at an average price of GBX 138 per share, with a total value of £149,200.08.

Analyst Upgrades and Downgrades

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

Trustpilot Group Stock Performance

The stock’s 50 day moving average price is GBX 197.45 and its 200 day moving average price is GBX 219.58. 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 market capitalization of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02.

Trustpilot Group announced that its board has initiated a stock repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign 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.