Trustpilot Group (LON:TRST) Shares Down 31.9% – Here’s Why

Trustpilot Group plc (LON:TRST)’s stock price was down 31.9% during mid-day trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares changed hands during mid-day trading, an increase of 1,126% from the average daily volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. UBS Group reissued a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Trustpilot Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The business has a 50-day moving average of GBX 198.91 and a 200 day moving average of GBX 220.47. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market capitalization of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02.

Trustpilot Group declared that its board has authorized a share buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair purchased 74,300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was bought at an average cost of GBX 201 per share, with a total value of £149,343. Also, insider Zillah Byng-Thorne purchased 108,116 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 138 per share, for a total transaction of £149,200.08. Insiders bought a total of 276,294 shares of company stock worth $49,244,233 in the last quarter. 17.83% of the stock is currently owned by corporate insiders.

About Trustpilot Group

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.