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

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on TRST shares. UBS Group reissued a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Performance

The stock has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The stock’s 50 day simple moving average is GBX 197.45 and its two-hundred day simple moving average is GBX 219.77.

Trustpilot Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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.