Trustpilot Group (LON:TRST) Trading 15% Higher - What's Next?

Key Points

• Trustpilot Group's stock surged 15% during trading, reaching a high of GBX 231.40 ($3.16) and significantly increasing trading volume to 8.7 million shares, up 178% from the average.
• Analysts have provided mixed ratings for Trustpilot Group, with two firms issuing a buy rating and one a sell, resulting in an average target price of GBX 340.
• The company has announced a share buyback plan, indicating the board's belief that its shares are undervalued, amidst insider selling activity with significant shares being sold recently.

Trustpilot Group plc (LON:TRST - Get Free Report)'s stock price was up 15% during mid-day trading on Tuesday . The stock 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).

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 420 price objective on shares of Trustpilot Group in a research note on Tuesday, July 15th. UBS Group restated a "buy" rating and set a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Panmure Gordon began coverage on shares of Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a market cap 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. The company's 50 day moving average price is GBX 229.57 and its 200 day moving average price is GBX 232.06.

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

Insider Buying and Selling

In other news, insider Hanno Damm sold 238,976 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Zillah Byng-Thorne acquired 27,755 shares of Trustpilot Group stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average price of GBX 215 per share, for a total transaction of £59,673.25. Insiders have sold a total of 838,976 shares of company stock valued at $191,052,672 over the last ninety days. 17.61% of the stock is owned by company insiders.

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.