Joe Hurd Purchases 718 Shares of Trustpilot Group (LON:TRST) Stock

Trustpilot Group plc (LON:TRST) insider Joe Hurd bought 718 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was bought at an average cost of GBX 140 per share, for a total transaction of £1,005.20.

Trustpilot Group Trading Up 13.3%

Shares of TRST traded up GBX 17.20 during trading on Friday, reaching GBX 146.40. 8,857,204 shares of the company traded hands, compared to its average volume of 3,740,079. The stock has a 50-day simple moving average of GBX 198.91 and a 200-day simple moving average of GBX 220.47. The stock has a market cap of £591.24 million, a PE ratio of -1.24 and a beta of 1.02. Trustpilot Group plc has a twelve month low of GBX 125.40 and a twelve month high of GBX 361.50. 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 announced that its Board of Directors has initiated a share repurchase plan on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently commented on TRST shares. UBS Group restated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.