Trustpilot Group (LON:TRST) Trading 13.2% Higher After Analyst Upgrade

Key Points

• Trustpilot Group's stock price increased by 13.2% during mid-day trading, reaching a high of GBX 231.40 ($3.15) from a previous close of GBX 200.60 ($2.73).
• Analysts are divided on the stock, with two firms rating it a Buy and one a Sell, resulting in a consensus rating of "Hold" and an average price target of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares of Trustpilot on June 23rd for a total value of £575,000, with corporate insiders owning 17.61% of the company's stock.

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) rose 13.2% 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 231.40 ($3.12) and last traded at GBX 227.02 ($3.06). Approximately 8,698,912 shares were traded during trading, an increase of 178% from the average daily volume of 3,128,211 shares. The stock had previously closed at GBX 200.60 ($2.70).

TRST has been the topic of a number of other research reports. Berenberg Bank restated a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a report on Tuesday, July 15th. 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. Finally, Panmure Gordon initiated coverage on shares of Trustpilot Group in a report on Monday, June 9th. They set a "sell" rating and a GBX 200 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Insider Buying and Selling

In other news, insider Zillah Byng-Thorne purchased 27,755 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were bought at an average price of GBX 215 per share, for a total transaction of £59,673.25. Also, insider Peter Holten Mühlmann sold 350,000 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £805,000. Insiders have sold a total of 838,976 shares of company stock worth $191,052,672 in the last quarter. Corporate insiders own 17.61% of the company's stock.

Trustpilot Group Trading Down 3.6%

The stock has a 50-day simple moving average of GBX 229.57 and a two-hundred day simple moving average of GBX 232.06. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The firm has a market cap of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has authorized a share buyback program on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board 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.