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

Trustpilot Group plc (LON:TRST)’s share price reached a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as GBX 253 ($3.29) and last traded at GBX 251 ($3.27), with a volume of 1016689 shares trading hands. The stock had previously closed at GBX 249 ($3.24).

Specifically, insider Zillah Byng-Thorne purchased 39,200 shares of Trustpilot Group stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of GBX 252 ($3.28) per share, for a total transaction of £98,784 ($128,591.51).

Analysts Set New Price Targets

Several equities research analysts have issued reports on TRST shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 250 ($3.25) target price on shares of Trustpilot Group in a research note on Friday, July 12th. Berenberg Bank raised their price objective on Trustpilot Group from GBX 260 ($3.38) to GBX 270 ($3.51) and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Trustpilot Group Stock Performance

The stock has a 50-day moving average price of GBX 226.35 and a 200 day moving average price of GBX 215.49. The company has a quick ratio of 1.71, a current ratio of 1.32 and a debt-to-equity ratio of 41.16. The firm has a market capitalization of £1.07 billion, a price-to-earnings ratio of 8,566.67 and a beta of 1.02.

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.