Trustpilot Group (LON:TRST) Trading 15% Higher - Still a Buy?

Key Points

• Trustpilot Group plc shares surged 15% to a high of GBX 231.40 ($3.15) during mid-day trading, with a trading volume significantly surpassing the average by 178%.
• Recent analyst reports have set target prices for Trustpilot Group, with Berenberg Bank at GBX 420 and UBS Group at GBX 400, while Panmure Gordon rated it a "sell" with a GBX 200 target.
• Insider Peter Holten Mühlmann sold 350,000 shares for £805,000, and insiders currently own 17.61% of the company's stock.

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

Wall Street Analyst Weigh In

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

Trustpilot Group Trading Down 3.6%

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 company has a 50 day moving average of GBX 229.57 and a two-hundred day moving average of GBX 231.62. The stock 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 stock buyback plan 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. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Trustpilot Group

In related news, insider Hanno Damm sold 238,976 shares of Trustpilot Group stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. Also, insider Peter Holten Mühlmann sold 350,000 shares of Trustpilot Group stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £805,000. Insiders sold a total of 838,976 shares of company stock worth $191,052,672 in the last 90 days. Corporate insiders own 17.61% of the company's stock.

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.