Trustpilot Group (LON:TRST) Stock Price Up 0.7% on Analyst Upgrade

Key Points

• Trustpilot Group's stock increased by 0.7% in mid-day trading, reaching GBX 200.60 ($2.73), although trading volume was down by 53% compared to its average.
• Wall Street analysts have mixed opinions on Trustpilot Group, with two analysts issuing a "buy" rating and a £200 target, while one analyst has rated it as "sell."
• Company insider Peter Holten Mühlmann sold 250,000 shares for £575,000 at an average price of GBX 230, while insiders hold 17.61% of the company’s stock.

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) shot up 0.7% during mid-day 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 208 ($2.80) and last traded at GBX 200.60 ($2.70). 1,455,346 shares were traded during trading, a decline of 53% from the average session volume of 3,096,915 shares. The stock had previously closed at GBX 199.30 ($2.69).

A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 420 target price on shares of Trustpilot Group in a research report on Tuesday, July 15th. Panmure Gordon began coverage on shares of Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 price target on the stock. Finally, UBS Group restated a "buy" rating and set a GBX 400 price target 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 340.75.

Insider Transactions at Trustpilot Group

In other news, insider Peter Holten Mühlmann sold 350,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £805,000. Also, insider Zillah Byng-Thorne acquired 27,755 shares of Trustpilot Group stock in a transaction dated Tuesday, September 16th. The shares were acquired at an average cost of GBX 215 per share, with a total value of £59,673.25. In the last three months, insiders sold 838,976 shares of company stock valued at $191,052,672. Company insiders own 17.61% of the company's stock.

Trustpilot Group Stock Down 3.6%

The stock has a market capitalization of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02. The firm's fifty day moving average is GBX 229.57 and its 200-day moving average is GBX 232.06. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership 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.