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

Shares of Trustpilot Group plc (LON:TRST) rose 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 changed hands 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 firm’s stock in a transaction dated 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 bought 50,000 shares of the business’s stock in a transaction that occurred 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 Trustpilot Group news, insider Zillah Byng-Thorne purchased 108,116 shares of Trustpilot Group stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average price of GBX 138 per share, with a total value of £149,200.08.

Analyst Upgrades and Downgrades

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

Trustpilot Group Trading Up 13.3%

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The firm has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The firm has a 50 day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.58.

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