Zillah Byng-Thorne Buys 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 acquired 27,755 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were bought at an average price of GBX 215 per share, for a total transaction of £59,673.25.

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

• On Tuesday, September 16th, Zillah Byng-Thorne purchased 16,500 shares of Trustpilot Group stock. The shares were acquired at an average cost of GBX 212 per share, for a total transaction of £34,980.

Trustpilot Group Stock Performance

Shares of LON TRST traded down GBX 8.60 during mid-day trading on Friday, reaching GBX 228.60. 6,135,571 shares of the company were exchanged, compared to its average volume of 3,134,863. Trustpilot Group plc has a twelve month low of GBX 178.40 and a twelve month high of GBX 361.50. The stock has a market capitalization of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02. The company's 50-day simple moving average is GBX 229.57 and its 200-day simple moving average is GBX 231.24. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TRST has been the topic of a number of research reports. Panmure Gordon initiated coverage on Trustpilot Group in a research report on Monday, June 9th. They set a "sell" rating and a GBX 200 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a "buy" rating in a research report on Tuesday, September 16th. UBS Group restated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 420 price objective on shares of Trustpilot Group in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

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.