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

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. UBS Group reissued a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Down 31.9%

The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company’s 50 day moving average price is GBX 200.71 and its 200 day moving average price is GBX 221.10. The firm has a market capitalization of £521.78 million, a price-to-earnings ratio of -1.09 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has approved a share buyback program on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Zillah Byng-Thorne bought 108,116 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were purchased at an average price of GBX 138 per share, for a total transaction of £149,200.08. Also, insider Adrian Blair purchased 74,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was acquired at an average price of GBX 201 per share, for a total transaction of £149,343. Over the last three months, insiders have bought 276,294 shares of company stock valued at $49,244,233. Company insiders own 17.83% of the company’s stock.

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.