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

Shares of Trustpilot Group plc (LON:TRST) were up 13.3% during 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 traded 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 acquired 718 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average price of GBX 140 per share, with a total value of £70,000. In other news, insider Zillah Byng-Thorne bought 108,116 shares of Trustpilot Group stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of GBX 138 per share, with a total value of £149,200.08.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRST. UBS Group reissued 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 upped their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The stock has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm’s fifty day moving average is GBX 197.45 and its 200-day moving average is GBX 219.77.

Trustpilot Group declared that its board has initiated a share repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management 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.