Trustpilot Group (LON:TRST) Stock Price Up 15% - Here's Why

Key Points

• Trustpilot Group's stock surged by 15%, closing at GBX 230.60 ($3.14) after trading as high as GBX 231.40 ($3.15), with trading volume increasing by 178% from the average.
• Analysts have mixed opinions on the stock, with Berenberg Bank and UBS issuing buy ratings and target prices of GBX 420 and GBX 400, while Panmure Gordon set a sell rating with a target of GBX 200.
• Insider Peter Holten Mühlmann sold 350,000 shares at an average price of GBX 230, netting a total of £805,000, and insiders currently own 17.61% of the company's stock.

Trustpilot Group plc (LON:TRST - Get Free Report) shares were up 15% during trading on Tuesday . The stock traded as high as GBX 231.40 ($3.16) and last traded at GBX 230.60 ($3.15). Approximately 8,710,869 shares traded hands during trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.74).

Analyst Ratings Changes

Several research analysts recently weighed in on TRST shares. 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 objective for the company. UBS Group restated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Berenberg Bank restated a "buy" rating and issued a GBX 420 price objective on shares of Trustpilot Group in a research report on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The business's 50 day moving average is GBX 230.68 and its two-hundred day moving average is GBX 233.01. The firm has a market cap of £948.68 million, a P/E ratio of 16,628.57 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 350,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total value of £805,000. 17.61% of the stock is owned by corporate 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.