Adrian Blair Acquires 49,623 Shares of Trustpilot Group (LON:TRST) Stock

Key Points

• Adrian Blair, an insider at Trustpilot Group, purchased 49,623 shares at an average price of GBX 200 per share, totaling £99,246 on October 21st.
• Trustpilot Group has announced a stock buyback plan, which typically indicates that leadership believes the shares are undervalued.
• Analysts have rated Trustpilot Group with an average rating of "Moderate Buy" and set a consensus price target of GBX 340.75.

Trustpilot Group plc (LON:TRST - Get Free Report) insider Adrian Blair acquired 49,623 shares of the company's stock in a transaction dated Tuesday, October 21st. The shares were acquired at an average price of GBX 200 per share, for a total transaction of £99,246.

Trustpilot Group Price Performance

Shares of TRST opened at GBX 203.20 on Thursday. The company has a market cap of £827.08 million, a price-to-earnings ratio of -1.71 and a beta of 1.02. Trustpilot Group plc has a twelve month low of GBX 178.40 and a twelve month high of GBX 361.50. 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 50 day moving average of GBX 213.56 and a two-hundred day moving average of GBX 226.83.

Trustpilot Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 16th that permits the company to repurchase 0 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 leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

TRST has been the subject of several recent analyst reports. UBS Group restated a "buy" rating and issued a GBX 400 target price on shares of Trustpilot Group in a research note on Friday, September 5th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 420 price target on shares of Trustpilot Group in a report on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 340.75.

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.

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