Trustpilot Group (LON:TRST) Trading Up 15% - What's Next?

Key Points

• Trustpilot Group plc saw a stock price increase of 15%, closing at GBX 230.60 ($3.14) on Tuesday, with over 8.7 million shares traded, significantly above its average volume.
• Several analysts have issued new ratings, with UBS Group and Berenberg Bank maintaining a "buy" rating and setting price targets of GBP 400 and GBP 420, respectively.
• Insider activity included Peter Holten Mühlmann selling 250,000 shares at an average price of GBX 230, amounting to a total of £575,000 in sales.

Trustpilot Group plc (LON:TRST - Get Free Report) shot up 15% on Tuesday . The stock traded as high as GBX 231.40 ($3.12) and last traded at GBX 230.60 ($3.11). 8,710,869 shares were traded during 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).

Analysts Set New Price Targets

Several research firms recently weighed in on TRST. Panmure Gordon started coverage on Trustpilot Group in a report on Monday, June 9th. They set a "sell" rating and a GBX 200 price objective on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 420 price objective on shares of Trustpilot Group in a report on Tuesday, July 15th. UBS Group reissued a "buy" rating and set a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 340.75.

Trustpilot Group Trading Down 3.6%

The stock has a market cap of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02. The firm has a 50-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 announced that its board has initiated a stock repurchase program 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. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 250,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £575,000. Also, insider Hanno Damm sold 238,976 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. Insiders have sold a total of 838,976 shares of company stock worth $191,052,672 over the last 90 days. Corporate insiders own 17.61% of the company's stock.

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.