Trustpilot Group (LON:TRST) Stock Price Up 13.3% on Insider Buying Activity

Trustpilot Group plc (LON:TRST)’s stock price traded up 13.3% during mid-day trading on Saturday following insider buying activity. The company traded as high as GBX 150 and last traded at GBX 146.40. 8,857,204 shares changed hands during mid-day trading, an increase of 137% from the average session volume of 3,740,079 shares. The stock had previously closed at GBX 129.20.

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

Wall Street Analysts Forecast Growth

TRST has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The firm has a fifty day simple moving average of GBX 197.45 and a 200 day simple moving average of GBX 219.58. The company has a market capitalization of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

Trustpilot Group declared that its board has initiated a share repurchase program on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are 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.