Trustpilot Group (LON:TRST) Shares Up 11.1% on Analyst Upgrade

Key Points

• The stock price of Trustpilot Group increased by 11.1%, reaching a last traded price of GBX 222.80 ($3.03) on Tuesday, significantly surpassing its average trading volume.
• Analysts have mixed opinions on the stock, with two analysts rating it as a "buy" and one as a "sell," leading to a consensus rating of "hold" with a target price of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares at GBX 230, indicating notable insider trading activity within the company.

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price shot up 11.1% during trading on Tuesday 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 232.80 ($3.14) and last traded at GBX 222.80 ($3.00). 37,454,488 shares traded hands during trading, an increase of 1,039% from the average session volume of 3,288,857 shares. The stock had previously closed at GBX 200.60 ($2.70).

A number of other research firms have also weighed in on TRST. Berenberg Bank reiterated a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a report on Tuesday, July 15th. Panmure Gordon began coverage on Trustpilot Group in a report on Monday, June 9th. They issued a "sell" rating and a GBX 200 price objective for the company. Finally, UBS Group reiterated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Trustpilot Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Insider Activity

In other news, insider Hanno Damm sold 238,976 shares of the firm'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. Also, insider Zillah Byng-Thorne purchased 27,755 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Insiders sold a total of 838,976 shares of company stock worth $191,052,672 in the last quarter. 17.61% of the stock is owned by company insiders.

Trustpilot Group Stock Down 3.6%

The firm has a market capitalization of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02. The company has a fifty day simple moving average of GBX 229.57 and a 200 day simple moving average of GBX 232.06. 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 initiated a share buyback program on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is 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.