Key Points
- Insider purchase: Director Joe Hurd bought 718 shares on December 5 at GBX 140 each (≈£1,005 total), representing a small insider buy.
- Stock buyback authorized: The board approved a stock buyback plan (open-market repurchases) in September, a typical signal that management may view the shares as undervalued.
- Analyst sentiment: The consensus is a "Moderate Buy" with an average target of GBX 340.75; UBS and Deutsche Bank carry buy ratings with targets of GBX 400 and GBX 343 respectively.
Trustpilot Group plc (LON:TRST - Get Free Report) insider Joe Hurd bought 718 shares of the business's stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of GBX 140 per share, for a total transaction of £1,005.20.
Trustpilot Group Stock Up 13.3%
Shares of TRST opened at GBX 146.40 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The business has a fifty day moving average of GBX 197.45 and a 200 day moving average of GBX 219.77. The company 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 52-week low of GBX 125.40 and a 52-week high of GBX 361.50.
Trustpilot Group announced that its Board of Directors has authorized a stock buyback 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 management believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. UBS Group reaffirmed a "buy" rating and set a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Trustpilot Group currently has an average rating of "Moderate Buy" and an average target price of GBX 340.75.
View Our Latest Report on Trustpilot Group
About Trustpilot Group
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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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