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

Trustpilot Group plc (LON:TRST)’s share price shot 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. 8,857,204 shares traded hands during 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 bought 718 shares of Trustpilot Group stock in a transaction on Friday, December 5th. The stock was acquired at an average price of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was acquired at an average price of GBX 140 per share, with a total value of £70,000. In other Trustpilot Group news, insider Zillah Byng-Thorne acquired 108,116 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were bought at an average cost of GBX 138 per share, with a total value of £149,200.08.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TRST. UBS Group reissued a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trustpilot Group has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Price Performance

The company has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The firm’s 50-day moving average is GBX 197.45 and its 200-day moving average is GBX 219.58.

Trustpilot Group announced that its Board of Directors has initiated a share repurchase plan on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors 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.