Trustpilot Group (LON:TRST) Shares Up 13.2% Following Analyst Upgrade

Key Points

• Trustpilot Group's stock price surged 13.2% during mid-day trading, reaching a high of GBX 231.40 ($3.15), with trading volumes significantly increasing by 178% from the average daily volume.
• Brokerages have mixed ratings for Trustpilot Group, with two analysts issuing a "Buy" rating and one a "Sell" rating, leading to an average rating of "Hold" and a consensus target price of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares for £575,000 at an average price of GBX 230, highlighting notable insider activity in the company.

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 traded hands during mid-day 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 several other reports. Panmure Gordon initiated coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They set a "sell" rating and a GBX 200 target price on the stock. UBS Group reiterated a "buy" rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trustpilot Group has a consensus rating of "Moderate Buy" and an average price target of GBX 340.75.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 238,976 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were acquired at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Insiders have sold a total of 838,976 shares of company stock valued at $191,052,672 over the last three months. 17.61% of the stock is currently owned by insiders.

Trustpilot Group Stock Performance

The stock 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 current ratio of 1.31 and a quick ratio of 1.71. The business's fifty day moving average price is GBX 229.57 and its 200-day moving average price is GBX 232.06.

Trustpilot Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.