Trustpilot Group (LON:TRST) Trading 15% Higher - Here's Why

Key Points

• Trustpilot Group's share price increased by 15% on Tuesday, reaching a high of GBX 231.40 ($3.15) with a trading volume that surged by 178% compared to the average.
• Analyst ratings are mixed, with Berenberg Bank setting a price target of GBX 420 and UBS Group at GBX 400, while Panmure Gordon rated it as a "sell" with a target of GBX 200.
• Trustpilot has a market cap of £939.71 million and shows solid financial ratios, including a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) traded 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 traded hands 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).

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group reaffirmed a "buy" rating and set a GBX 400 target price on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised 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. Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a research note on Tuesday, July 15th. Finally, Panmure Gordon assumed coverage on Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 target price for the company. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market cap of £931.56 million, a price-to-earnings ratio of 16,328.57 and a beta of 1.02. The stock has a 50-day moving average of GBX 229.57 and a two-hundred day moving average of GBX 231.62.

Trustpilot Group declared that its board has authorized a share buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Trustpilot Group

In related news, insider Hanno Damm sold 238,976 shares of the stock in a transaction on 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 the firm's 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 838,976 shares of company stock worth $191,052,672 in the last quarter. 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.