Trustpilot Group (LON:TRST) Trading 15.1% Higher on Analyst Upgrade

Key Points

• Trustpilot Group plc stock surged by 15.1% on Tuesday, reaching a price of GBX 230.80, significantly up from its previous close of GBX 200.60.
• Analysts have mixed ratings on the stock, with two rating it as a Buy and one as a Sell, while the average target price is set at GBX 340.
• Insider sales of company shares have been reported, with Peter Holten Mühlmann selling 250,000 shares at GBX 230, totaling £575,000.

Trustpilot Group plc (LON:TRST - Get Free Report)'s stock price traded up 15.1% 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 232.80 ($3.14) and last traded at GBX 230.80 ($3.11). 39,406,996 shares traded hands during trading, an increase of 1,094% from the average session volume of 3,299,428 shares. The stock had previously closed at GBX 200.60 ($2.70).

Other research analysts have also recently issued reports about the stock. UBS Group restated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Panmure Gordon initiated coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They set a "sell" rating and a GBX 200 price objective on the stock. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 420 target price 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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 company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £805,000. Also, insider Zillah Byng-Thorne bought 27,755 shares of the stock in a transaction on Tuesday, September 16th. The shares were bought at an average price of GBX 215 per share, for a total transaction of £59,673.25. Insiders sold 838,976 shares of company stock worth $191,052,672 over the last quarter. 17.61% of the stock is currently owned by insiders.

Trustpilot Group Trading Down 3.6%

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 capitalization of £931.56 million, a PE ratio of 16,328.57 and a beta of 1.02. The stock has a 50 day moving average price of GBX 229.57 and a 200-day moving average price of GBX 232.06.

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