Trustpilot Group (LON:TRST) Trading 10% Higher Following Insider Buying Activity

Trustpilot Group plc (LON:TRST)’s share price was up 10% during mid-day trading on Friday following insider buying activity. The stock traded as high as GBX 143.20 and last traded at GBX 142.10. Approximately 62,497,105 shares were traded during trading, an increase of 1,476% from the average daily volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Zillah Byng-Thorne acquired 108,116 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were bought 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 subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. UBS Group reissued a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Trading Up 9.5%

The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company has a market capitalization of £571.45 million, a P/E ratio of -1.19 and a beta of 1.02. The firm’s 50-day moving average price is GBX 198.91 and its 200 day moving average price is GBX 220.47.

Trustpilot Group announced that its Board of Directors has approved a share repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign 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.