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

Key Points

• Trustpilot Group's stock surged by 15%, reaching GBX 231.40 during trading, with significant trading volume increasing by 178% compared to the average session.
• Analysts have differing opinions on the stock, with UBS assigning a price target of GBX 400, while Panmure Gordon set a lower target of GBX 200, contributing to an average target price of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares at GBX 230, indicating notable insider activity, with corporate insiders collectively owning 17.61% of the stock.

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price traded up 15% during trading 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 Ratings Changes

TRST has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a research note on Tuesday. Berenberg Bank reissued a "buy" rating and issued a GBX 420 price objective on shares of Trustpilot Group in a research report on Tuesday, July 15th. Panmure Gordon initiated coverage on Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 target price on the stock. Finally, UBS Group reissued a "buy" rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Trustpilot Group has a consensus rating of "Moderate Buy" and an average target price 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 stock has a market cap of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02. The business has a 50-day moving average price of GBX 229.57 and a 200 day moving average price of GBX 231.62.

Trustpilot Group announced that its board has approved a stock buyback plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne acquired 27,755 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was bought at an average cost of GBX 215 per share, with a total value of £59,673.25. Also, insider Hanno Damm sold 238,976 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Insiders sold 838,976 shares of company stock worth $191,052,672 over the last quarter. Corporate 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.