Joe Hurd Acquires 718 Shares of Trustpilot Group (LON:TRST) Stock

Trustpilot Group plc (LON:TRST) insider Joe Hurd acquired 718 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was acquired at an average price of GBX 140 per share, for a total transaction of £1,005.20.

Trustpilot Group Stock Up 13.3%

TRST traded up GBX 17.20 on Friday, reaching GBX 146.40. The company’s stock had a trading volume of 8,857,204 shares, compared to its average volume of 3,740,079. The stock has a 50 day moving average of GBX 198.91 and a two-hundred day moving average of GBX 220.47. 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 company has a market capitalization of £591.24 million, a price-to-earnings ratio of -1.24 and a beta of 1.02. Trustpilot Group plc has a fifty-two week low of GBX 125.40 and a fifty-two week high of GBX 361.50.

Trustpilot Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.