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

Key Points

• Trustpilot Group's shares surged 15.1% on Tuesday, reaching a high of GBX 232.80 ($3.17), with trading volume increasing by over 1,000% compared to the average session.
• Analysts have mixed opinions on Trustpilot Group, with two advising a "Buy" rating and one giving it a "Sell" rating, resulting in a consensus rating of "Hold" and an average target price of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares at an average price of GBX 230 recently, while corporate insiders hold 17.61% of the company’s stock.

Trustpilot Group plc (LON:TRST - Get Free Report) shot up 15.1% during 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 changed hands during mid-day 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).

A number of other equities analysts have also commented on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a research report on Tuesday, July 15th. Panmure Gordon assumed coverage on Trustpilot Group in a report on Monday, June 9th. They issued a "sell" rating and a GBX 200 target price for the company. 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. Based on data from MarketBeat, Trustpilot Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 340.75.

Insiders Place Their Bets

In related news, insider Peter Holten Mühlmann sold 250,000 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £575,000. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Over the last 90 days, insiders sold 838,976 shares of company stock valued at $191,052,672. 17.61% of the stock is currently owned by corporate insiders.

Trustpilot Group Stock Performance

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

Trustpilot Group announced that its board has initiated a share buyback program on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually 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.