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

Trustpilot Group plc (LON:TRST)’s share price was up 13.3% during mid-day trading on Saturday following insider buying activity. The stock 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 bought 718 shares of Trustpilot Group stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the stock in a transaction on Thursday, December 4th. The stock was acquired at an average price 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 dated Thursday, December 4th. The shares were bought at an average cost of GBX 138 per share, for a total transaction of £149,200.08.

Analysts Set New Price Targets

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

Trustpilot Group Trading Up 13.3%

The firm has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The firm has a fifty day simple moving average of GBX 197.45 and a 200-day simple moving average 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.

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