Trustpilot Group (LON:TRST) Stock Price 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 mid-day 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 bought 718 shares of the stock in a transaction dated Friday, December 5th. The shares were bought 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 on Thursday, December 4th. The stock was purchased at an average cost of GBX 140 per share, for a total transaction of £70,000. In other news, insider Zillah Byng-Thorne acquired 108,116 shares of the stock in a transaction on Thursday, December 4th. The shares were purchased at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Ratings Changes

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

Trustpilot Group Stock Performance

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

Trustpilot Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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.