Trustpilot Group (LON:TRST) Trading 0.5% Higher – Time to Buy?

Trustpilot Group plc (LON:TRST)’s share price shot up 0.5% on Tuesday . The company traded as high as GBX 168.40 and last traded at GBX 166.60. 1,318,205 shares were traded during trading, a decline of 65% from the average session volume of 3,767,573 shares. The stock had previously closed at GBX 165.80.

Wall Street Analysts Forecast Growth

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

Trustpilot Group Price Performance

The business has a 50-day moving average of GBX 179.41 and a 200 day moving average of GBX 211.07. 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 firm has a market capitalization of £665.09 million, a P/E ratio of -1.41 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has approved a share buyback plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair purchased 95,296 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of GBX 157 per share, for a total transaction of £149,614.72. Also, insider Zillah Byng-Thorne acquired 108,116 shares of the stock in a transaction on Thursday, December 4th. The shares were acquired at an average price of GBX 138 per share, for a total transaction of £149,200.08. In the last three months, insiders have bought 378,053 shares of company stock worth $61,840,900. Insiders own 17.92% of the company’s stock.

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.