Zillah Byng-Thorne Purchases 27,755 Shares of Trustpilot Group (LON:TRST) Stock

Key Points

• Zillah Byng-Thorne, an insider at Trustpilot Group, purchased a total of 44,255 shares on September 16th, investing approximately £94,653.25.
• Trustpilot Group's stock saw a slight increase, trading up 0.7% to GBX 234.38, with a market capitalization of £955.12 million.
• The company initiated a stock buyback plan on September 16th, indicating that the board views its shares as undervalued.

Trustpilot Group plc (LON:TRST - Get Free Report) insider Zillah Byng-Thorne purchased 27,755 shares of Trustpilot Group stock in a transaction dated Tuesday, September 16th. The stock was bought at an average cost of GBX 215 per share, with a total value of £59,673.25.

Zillah Byng-Thorne also recently made the following trade(s):

• On Tuesday, September 16th, Zillah Byng-Thorne bought 16,500 shares of Trustpilot Group stock. The stock was purchased at an average price of GBX 212 per share, with a total value of £34,980.

Trustpilot Group Stock Performance

LON TRST traded down GBX 7.41 during trading hours on Monday, reaching GBX 230. The stock had a trading volume of 1,896,679 shares, compared to its average volume of 3,129,249. Trustpilot Group plc has a 52-week low of GBX 178.40 and a 52-week high of GBX 361.50. The stock has a fifty day moving average of GBX 229.57 and a 200 day moving average of GBX 231.24. 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 £937.27 million, a P/E ratio of 16,428.57 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has authorized a stock buyback program on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Berenberg Bank restated a "buy" rating and issued a GBX 420 target price on shares of Trustpilot Group in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a "buy" rating in a research note on Tuesday, September 16th. UBS Group restated a "buy" rating and issued a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Finally, Panmure Gordon initiated coverage on Trustpilot Group in a research report on Monday, June 9th. They issued a "sell" rating and a GBX 200 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 340.75.

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.