Trustpilot Group (LON:TRST) Shares Up 13.3% Following Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) were up 13.3% during mid-day trading on Saturday after an insider bought additional shares in the company. The company traded as high as GBX 150 and last traded at GBX 146.40. Approximately 8,857,204 shares changed hands during trading, an increase of 137% from the average daily 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 price of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm acquired 50,000 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 140 per share, with a total value of £70,000. In related news, insider Zillah Byng-Thorne bought 108,116 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Ratings Changes

TRST has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a 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 research report on Tuesday, September 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trustpilot Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 13.3%

The stock 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 50-day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.77. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

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