Trustpilot Group (LON:TRST) Stock Price Up 0.5% – Here’s Why
by Jessica Moore · The Cerbat GemTrustpilot Group plc (LON:TRST – Get Free Report) rose 0.5% during trading on Tuesday . The company traded as high as GBX 168.40 and last traded at GBX 166.60. Approximately 1,318,205 shares changed hands during trading, a decline of 65% from the average daily volume of 3,767,573 shares. The stock had previously closed at GBX 165.80.
Analyst Ratings Changes
Several brokerages have recently weighed in on TRST. UBS Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trustpilot Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.
View Our Latest Research Report on Trustpilot Group
Trustpilot Group Price Performance
The company has a market cap of £656.30 million, a PE ratio of -1.39 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The stock’s 50-day moving average is GBX 178.70 and its 200 day moving average is GBX 210.75.
Trustpilot Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In related news, insider Hanno Damm bought 50,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average cost of GBX 140 per share, for a total transaction of £70,000. Also, insider Joe Hurd bought 718 shares of the company’s stock in a transaction on Friday, December 5th. The shares were bought at an average cost of GBX 140 per share, for a total transaction of £1,005.20. Insiders acquired a total of 378,053 shares of company stock worth $61,840,900 in the last three months. Insiders own 17.92% of the company’s stock.
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.