Key Points
- Insider purchase: Zillah Byng-Thorne bought 108,116 shares on Dec 4 at an average of GBX 138 per share for a total of £149,200.08, adding to earlier September purchases of 27,755 and 16,500 shares at ~GBX 215/212.
- Share performance: Trustpilot shares are down roughly 31.9%, opening at GBX 129.20 and trading near a 12-month low (GBX 125.80); market cap is ~£521.8M and the trailing P/E is -1.09.
- Corporate and analyst backdrop: The board approved a mid-September share buyback authorization for open-market purchases, and analysts hold a consensus "Moderate Buy" with a target price around GBX 340.75.
Trustpilot Group plc (LON:TRST - Get Free Report) insider Zillah Byng-Thorne bought 108,116 shares of the firm's stock in a transaction on Thursday, December 4th. The shares were purchased at an average cost of GBX 138 per share, with a total value of £149,200.08.
Zillah Byng-Thorne also recently made the following trade(s):
- On Tuesday, September 16th, Zillah Byng-Thorne purchased 27,755 shares of Trustpilot Group stock. The stock was purchased at an average price of GBX 215 per share, for a total transaction of £59,673.25.
- On Tuesday, September 16th, Zillah Byng-Thorne acquired 16,500 shares of Trustpilot Group stock. The stock was purchased at an average cost of GBX 212 per share, for a total transaction of £34,980.
Trustpilot Group Trading Down 31.9%
TRST opened at GBX 129.20 on Friday. Trustpilot Group plc has a twelve month low of GBX 125.80 and a twelve month high of GBX 361.50. The company has a fifty day moving average of GBX 198.91 and a 200-day moving average of GBX 220.47. The stock has a market cap of £521.78 million, a PE ratio of -1.09 and a beta of 1.02. 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 approved a share buyback plan on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. UBS Group reiterated a "buy" rating and issued a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trustpilot Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 340.75.
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Trustpilot Group Company Profile
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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.
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