Trustpilot Group (LON:TRST) Trading Up 15% - Still a Buy?

Key Points

• Trustpilot Group's shares surged 15% during mid-day trading, reaching GBX 230.60 ($3.15) and significantly increasing trading volume by 178%.
• A majority of analysts maintain a positive outlook with two buy ratings and a price target averaging GBX 340, while one analyst has rated the stock as a sell.
• Insider activity has been notable, with 350,000 shares sold by CEO Peter Holten Mühlmann for a total of £805,000 on June 23rd, indicating potential confidence or strategy shifts within the company.

Trustpilot Group plc (LON:TRST - Get Free Report) was up 15% during trading on Tuesday . The company traded as high as GBX 231.40 ($3.12) and last traded at GBX 230.60 ($3.11). Approximately 8,710,869 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.70).

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group restated a "buy" rating and set a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Panmure Gordon started coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They issued a "sell" rating and a GBX 200 price target on the stock. Berenberg Bank restated a "buy" rating and set a GBX 420 price objective on shares of Trustpilot Group in a research report on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a "buy" rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 340.75.

Trustpilot Group Trading Down 3.6%

The company has a market cap of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02. 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 business has a 50 day simple moving average of GBX 229.57 and a two-hundred day simple moving average of GBX 231.62.

Trustpilot Group declared that its board has authorized a stock buyback program on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne purchased 27,755 shares of the stock in a transaction on Tuesday, September 16th. The stock was bought at an average price of GBX 215 per share, for a total transaction of £59,673.25. Also, insider Peter Holten Mühlmann sold 250,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £575,000. Insiders sold 838,976 shares of company stock worth $191,052,672 in the last 90 days. 17.61% of the stock is owned by company insiders.

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.