Trustpilot Group (LON:TRST) Board Approves Stock Repurchase Plan

Key Points

• Trustpilot Group has initiated a share buyback program, but the company plans to repurchase 0 shares, signaling a lack of confidence in undervaluing its stock.
• Analysts have mixed opinions on Trustpilot, with two rating it as a "Buy" and one as a "Sell," resulting in an average price target of GBX 340.
• Trustpilot's stock traded up to GBX 230.60 recently, with significant trading volume of over 8.7 million shares, indicating investor interest.

Trustpilot Group (LON:TRST - Get Free Report) announced that its board has authorized a share repurchase plan on Tuesday, September 16th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Trustpilot Group Stock Performance

Shares of LON TRST traded down GBX 8.60 during midday trading on Friday, hitting GBX 228.60. 6,135,571 shares of the stock traded hands, compared to its average volume of 3,134,863. The firm has a 50-day moving average of GBX 229.57 and a two-hundred day moving average of GBX 232.06. The firm has a market capitalization of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. Trustpilot Group has a one year low of GBX 178.40 and a one year high of GBX 361.50.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Peter Holten Mühlmann sold 350,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £805,000. Also, insider Zillah Byng-Thorne purchased 27,755 shares of the firm'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. In the last three months, insiders have sold 838,976 shares of company stock valued at $191,052,672. 17.61% of the stock is owned by company insiders.

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.