Trustpilot Group (LON:TRST) Shares Up 15% - Here's Why

Key Points

• Trustpilot Group's stock price rose by 15% during trading on Tuesday, reaching a last traded price of GBX 230.60 ($3.15) after previously closing at GBX 200.60 ($2.74).
• Research reports indicate mixed opinions on the stock, with UBS and Berenberg reaffirming "buy" ratings and price targets of GBX 400 and GBX 420, respectively, while Panmure Gordon issued a "sell" rating with a GBX 200 target.
• Insider activity included Peter Holten Mühlmann selling 350,000 shares at an average price of GBX 230, totaling £805,000, while insiders own 17.61% of the company's stock.

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

TRST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a report on Tuesday. Panmure Gordon initiated coverage on shares of Trustpilot Group in a report on Monday, June 9th. They issued a "sell" rating and a GBX 200 target price on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 420 target price on shares of Trustpilot Group in a report on Tuesday, July 15th. Finally, UBS Group restated a "buy" rating and issued a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 340.75.

Trustpilot Group Stock Down 3.6%

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. 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's 50-day simple moving average is GBX 229.57 and its two-hundred day simple moving average is GBX 232.06.

Trustpilot Group declared that its board has authorized a share repurchase program 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. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In other news, insider Hanno Damm sold 238,976 shares of the company's 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 Zillah Byng-Thorne acquired 27,755 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average cost of GBX 215 per share, with a total value of £59,673.25. Insiders sold a total of 838,976 shares of company stock valued at $191,052,672 over the last 90 days. Company 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.