Trustpilot Group (LON:TRST) Trading Up 15% Following Analyst Upgrade

Key Points

• Trustpilot Group's shares surged by 15% following an upgrade from Deutsche Bank, which increased its price target from GBX 331 to GBX 343 and maintained a buy rating.
• Multiple analysts have issued evaluations on Trustpilot Group, with Berenberg and UBS setting target prices of GBX 420 and GBX 400, respectively, while a sell rating comes from Panmure Gordon at GBX 200.
• The company has authorized a share buyback program, indicating management's belief that its shares are currently undervalued.

Trustpilot Group plc (LON:TRST - Get Free Report)'s stock price shot up 15% during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 331 to GBX 343. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Trustpilot Group traded as high as GBX 231.40 ($3.12) and last traded at GBX 230.60 ($3.11). 8,710,869 shares were traded during mid-day trading, an increase of 178% from the average session volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.70).

TRST has been the subject of several other research reports. UBS Group reissued a "buy" rating and set a GBX 400 target price on shares of Trustpilot Group in a research note on Friday, September 5th. Berenberg Bank restated a "buy" rating and set a GBX 420 price target on shares of Trustpilot Group in a research report on Tuesday, July 15th. Finally, Panmure Gordon assumed coverage on Trustpilot Group in a report on Monday, June 9th. They issued a "sell" rating and a GBX 200 target price for the company. Three 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Insider Buying and Selling at Trustpilot Group

In other news, insider Peter Holten Mühlmann sold 250,000 shares of the business's 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 £575,000. Also, insider Hanno Damm sold 238,976 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. In the last 90 days, insiders have sold 838,976 shares of company stock valued at $191,052,672. 17.61% of the stock is owned by corporate insiders.

Trustpilot Group Stock Down 3.6%

The firm has a 50-day moving average of GBX 229.57 and a two-hundred day moving average of GBX 231.62. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market capitalization of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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.