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

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

Analysts Set New Price Targets

Several research analysts have commented on TRST shares. UBS Group reaffirmed a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Trading Up 13.3%

The stock 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. The stock’s 50 day moving average price is GBX 197.45 and its 200-day moving average price is GBX 219.77.

Trustpilot Group declared that its board has approved a stock buyback plan on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are 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.