Trustpilot Group (LON:TRST) Trading 13.3% Higher Following Insider Buying Activity

Trustpilot Group plc (LON:TRST) was up 13.3% during trading 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 mid-day 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 company’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm acquired 50,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was purchased at an average price of GBX 140 per share, for a total transaction of £70,000. In other news, insider Zillah Byng-Thorne bought 108,116 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Ratings Changes

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

Trustpilot Group Stock Up 13.3%

The business’s 50-day moving average is GBX 197.45 and its two-hundred day moving average is GBX 219.58. The firm 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 debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

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