Trustpilot Group (LON:TRST) Trading 10% Higher After Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) were up 10% during trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 143.20 and last traded at GBX 142.10. Approximately 62,497,105 shares were traded during mid-day trading, an increase of 1,476% from the average daily volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Zillah Byng-Thorne bought 108,116 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Analyst Upgrades and Downgrades

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

Trustpilot Group Price Performance

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 firm has a market capitalization of £571.45 million, a P/E ratio of -1.19 and a beta of 1.02. The company’s 50 day moving average price is GBX 198.91 and its 200 day moving average price is GBX 220.47.

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