Trustpilot Group (LON:TRST) Trading 0.7% Higher Following Analyst Upgrade

Key Points

• Trustpilot Group shares increased by 0.7% and last traded at GBX 200.60 ($2.73), with a significant drop in trading volume to approximately 1.46 million shares.
• Analysts have varying views on Trustpilot, with Berenberg Bank setting a buy rating and a price target of GBX 420, while Panmure Gordon has a sell rating with a target of GBX 200.
• Insider trading activity included Peter Holten Mühlmann selling 250,000 shares for £575,000 at an average price of GBX 230.

Trustpilot Group plc (LON:TRST - Get Free Report)'s stock price traded up 0.7% 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 208 ($2.80) and last traded at GBX 200.60 ($2.70). 1,455,346 shares traded hands during trading, a decline of 53% from the average session volume of 3,096,915 shares. The stock had previously closed at GBX 199.30 ($2.69).

TRST has been the topic of several other research reports. UBS Group reaffirmed a "buy" rating and set a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Berenberg Bank reissued a "buy" rating and issued a GBX 420 target price on shares of Trustpilot Group in a research report on Tuesday, July 15th. Finally, Panmure Gordon assumed coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They issued a "sell" rating and a GBX 200 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 340.75.

Insider Activity

In other news, insider Peter Holten Mühlmann sold 350,000 shares of Trustpilot Group stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total value of £805,000. Also, insider Zillah Byng-Thorne purchased 27,755 shares of the firm'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. In the last three months, insiders sold 838,976 shares of company stock valued at $191,052,672. Company insiders own 17.61% of the company's stock.

Trustpilot Group Trading Down 3.6%

The business's 50 day moving average price is GBX 229.57 and its two-hundred day moving average price is GBX 232.06. The company has a market capitalization of £931.56 million, a price-to-earnings ratio of 16,328.57 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

Trustpilot Group announced that its Board of Directors has authorized a share repurchase program on Tuesday, September 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is 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.