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

Trustpilot Group plc (LON:TRST)’s stock price traded 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 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 bought 718 shares of the stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of GBX 140 per share, for a total transaction 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 bought at an average cost of GBX 140 per share, for a total transaction of £70,000. In related news, insider Zillah Byng-Thorne acquired 108,116 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was acquired 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 a number of research reports. UBS Group reissued a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped 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. Three research 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 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Performance

The company has a 50-day moving average price of GBX 197.45 and a two-hundred day moving average price of GBX 219.77. The company has a market capitalization of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership 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.