Trustpilot Group (LON:TRST) Trading Up 15% - Time to Buy?

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 shot 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). 8,710,869 shares changed hands 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).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRST. Berenberg Bank restated a "buy" rating and issued a GBX 420 target price on shares of Trustpilot Group in a research note on Tuesday, July 15th. Panmure Gordon began coverage on Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 price objective for the company. UBS Group reiterated a "buy" rating and set a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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 given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 340.75.

Trustpilot Group Price Performance

The firm has a fifty day simple moving average of GBX 229.57 and a 200 day simple moving average of GBX 231.62. The company has a market capitalization of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

Trustpilot Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Trustpilot Group

In other news, insider Peter Holten Mühlmann sold 250,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £575,000. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average cost of GBX 215 per share, with a total value of £59,673.25. 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 currently 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.