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

Key Points

• Trustpilot Group's stock surged by 15%, trading at GBX 230.60 ($3.15), with an unusually high volume of 8.7 million shares changing hands, up 178% from its average daily volume.
• Analysts have issued mixed ratings on Trustpilot Group, with two recommending a buy and one a sell, while the consensus rating is a "Hold" with a price target of GBX 340.
• The company's Board of Directors has approved a share repurchase program, signaling that they believe the stock is undervalued.

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price rose 15% on Tuesday . The company traded as high as GBX 231.40 ($3.12) and last traded at GBX 230.60 ($3.11). Approximately 8,710,869 shares were traded during 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 Analyst Weigh In

TRST has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. UBS Group reaffirmed a "buy" rating and set a GBX 400 price target 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 target for the company. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 price target on shares of Trustpilot Group in a research report on Tuesday, July 15th. Three investment 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The stock 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 fifty day simple moving average is GBX 229.57 and its 200 day simple moving average is GBX 231.62.

Trustpilot Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In other news, insider Hanno Damm sold 238,976 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Peter Holten Mühlmann sold 350,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total transaction of £805,000. Over the last 90 days, insiders have sold 838,976 shares of company stock valued at $191,052,672. Insiders own 17.61% of the company's stock.

About Trustpilot Group

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.