Zillah Byng-Thorne, an insider at Trustpilot Group plc, made a substantial investment by purchasing 108,116 shares of the company on December 4, 2023. The shares were acquired at an average price of GBX 138, culminating in a total expenditure of £149,200.08. This move signals confidence in the company’s future prospects amid fluctuating market conditions.
On the following trading day, shares of Trustpilot Group opened at GBX 146.40. The company currently exhibits a quick ratio of 1.71, a current ratio of 1.31, and a debt-to-equity ratio of 41.16. With a market capitalization of approximately £584.44 million, Trustpilot has experienced a significant range in its stock price over the past year, with a 52-week low of GBX 125.40 and a high of GBX 361.50. The two-hundred day moving average price stands at GBX 219.58, indicating the stock’s volatility.
Analysts have taken a keen interest in Trustpilot Group, with several upgrades noted recently. Deutsche Bank Aktiengesellschaft revised its price target for the stock from GBX 331 to GBX 343, maintaining a “buy” rating as of September 16, 2023. Similarly, UBS Group reaffirmed its “buy” recommendation and set a target price of GBX 400 in a research note released on September 5, 2023. Presently, three analysts have rated Trustpilot shares as a “Buy,” while one has issued a “Sell” rating. According to MarketBeat.com, the consensus rating for the stock is a “Moderate Buy” with an average target price of GBX 340.75.
Trustpilot Group, founded in 2007, has established itself as a leader in online reviews. The company aims to foster trust between consumers and businesses through transparent feedback mechanisms. With over 300 million reviews and 67 million monthly active users, Trustpilot continues to grow its influence, generating 127 billion annual brand impressions globally.
For investors and stakeholders, Byng-Thorne’s recent purchase may be a positive indicator of the company’s potential for recovery and growth in a challenging economic environment. As Trustpilot adapts to market dynamics, its commitment to building trust through reviews remains a cornerstone of its business strategy.
