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

Trustpilot Group plc (LON:TRST) shares were up 13.3% on Saturday following insider buying activity. 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 bought 718 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were purchased 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 stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 140 per share, with a total value of £70,000. In related news, insider Zillah Byng-Thorne acquired 108,116 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Upgrades and Downgrades

TRST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. UBS Group reiterated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Up 13.3%

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

Trustpilot Group declared that its Board of Directors has initiated a share buyback program 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 programs are generally a sign that the company’s board of directors 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.