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

Trustpilot Group plc (LON:TRST) traded up 13.3% on Saturday following insider buying activity. The company traded as high as GBX 150 and last traded at GBX 146.40. 8,857,204 shares traded hands during mid-day 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 acquired 718 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average cost of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was acquired 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 acquired 108,116 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were purchased at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Wall Street Analysts Forecast Growth

TRST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target 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 reaffirmed a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The company has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02. The business has a fifty day moving average of GBX 197.45 and a two-hundred day moving average of GBX 219.58. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has authorized a share repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Trustpilot Group Company Profile

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.