A significant insider transaction took place at Trustpilot Group plc on December 4, 2023, as Zillah Byng-Thorne, an insider at the company, purchased 108,116 shares of the firm’s stock. The shares were acquired at an average cost of GBX 138 each, totaling £149,200.08 for the transaction.
The stock performance on the following day reflected a slight increase, opening at GBX 146.40. This increase indicates a potential shift in market sentiment towards the company. Trustpilot Group’s financial metrics include a quick ratio of 1.71, a current ratio of 1.31, and a debt-to-equity ratio of 41.16.
In terms of moving averages, the firm holds a 50-day moving average price of GBX 197.45 and a two-hundred-day moving average price of GBX 219.58. Over the last year, the stock has experienced a range, with a 52-week low of GBX 125.40 and a high of GBX 361.50. Currently, the market capitalization stands at £584.44 million, with a price-to-earnings ratio of -1.24 and a beta of 1.02.
Analysts have recently weighed in on Trustpilot Group, offering various outlooks. On September 16, Deutsche Bank Aktiengesellschaft raised their price target for the stock from GBX 331 to GBX 343, maintaining a “buy” rating. Similarly, UBS Group reiterated a “buy” rating, setting a target price of GBX 400 for the shares on September 5.
The consensus among analysts shows a favorable outlook for Trustpilot, with three analysts rating the stock as a “Buy” and one issuing a “Sell” rating. According to MarketBeat.com, the stock currently holds a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.
Founded in 2007, Trustpilot Group’s mission is to serve as the universal symbol of trust by connecting consumers and businesses through reviews. The platform has gained immense traction, boasting over 300 million reviews and 67 million monthly active users worldwide. Trustpilot continues to grow, generating 127 billion annual brand impressions.
Investors and observers will be keen to see how this recent insider purchase impacts Trustpilot’s stock trajectory in the coming weeks.
