Trustpilot Group (LON:TRST) Hits New 12-Month High on Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) reached a new 52-week high on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 253 ($3.28) and last traded at GBX 251 ($3.26), with a volume of 1016689 shares. The stock had previously closed at GBX 249 ($3.23).

Specifically, insider Zillah Byng-Thorne purchased 39,200 shares of Trustpilot Group stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 252 ($3.27) per share, with a total value of £98,784 ($128,107.90).

Wall Street Analyst Weigh In

Several research firms have issued reports on TRST. Berenberg Bank lifted their target price on Trustpilot Group from GBX 260 ($3.37) to GBX 270 ($3.50) and gave the company a “buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.24) price objective on shares of Trustpilot Group in a research report on Friday, July 12th.

Trustpilot Group Trading Up 0.8 %

The company has a 50 day moving average of GBX 225.27 and a two-hundred day moving average of GBX 215.02. The stock has a market capitalization of £1.04 billion, a PE ratio of 8,366.67 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.32.

Trustpilot Group Company Profile

Trustpilot Group plc engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions, and businesses to showcase their trustscore and improve their services.