Trustpilot Group (LON:TRST) Trading Up 15% Following Analyst Upgrade

Key Points

• Trustpilot Group's stock price surged 15% following an upgrade from Deutsche Bank, raising the price target from GBX 331 to GBX 343.
• Insider activity was noted, with Peter Holten Mühlmann selling 350,000 shares for £805,000 at an average price of GBX 230.
• The company has authorized a share buyback program, reflecting confidence from leadership in the stock's potential value.

Trustpilot Group plc (LON:TRST - Get Free Report) shares rose 15% during trading on Wednesday 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 230.60 ($3.11). Approximately 8,710,869 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.70).

TRST has been the subject of a number of other research reports. Berenberg Bank reiterated a "buy" rating and set a GBX 420 price target on shares of Trustpilot Group in a research note on Tuesday, July 15th. UBS Group reissued a "buy" rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Finally, Panmure Gordon started 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. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Trustpilot Group has a consensus rating of "Moderate Buy" and an average price target of GBX 340.75.

Insiders Place Their Bets

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

Trustpilot Group Stock Performance

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 stock has a market cap of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02. The firm's 50 day moving average is GBX 229.57 and its 200 day moving average is GBX 231.62.

Trustpilot Group announced that its Board of Directors has approved a share buyback plan on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are 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.