Trustpilot Group (LON:TRST) Trading Up 15% – Here’s What Happened

Trustpilot Group plc (LON:TRST) shares were up 15% during trading on Tuesday . The company traded as high as GBX 231.40 ($3.16) and last traded at GBX 230.60 ($3.15). Approximately 8,710,869 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.74).

Analyst Upgrades and Downgrades

A number of analysts have commented on TRST shares. UBS Group restated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Panmure Gordon started coverage on Trustpilot Group in a research note on Monday, June 9th. They issued a “sell” rating and a GBX 200 price objective for the company. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 price objective on shares of Trustpilot Group in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 340.

Trustpilot Group Stock Performance

The business has a 50 day moving average price of GBX 230.68 and a two-hundred day moving average price of GBX 233.01. The stock has a market cap of £956.83 million, a P/E ratio of 16,771.43 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.

Trustpilot Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Peter Holten Mühlmann sold 350,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £805,000. Insiders own 17.61% of the company’s stock.

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.