Trustpilot Group (LON:TRST) Stock Price Down 31.9% – Should You Sell?

Trustpilot Group plc (LON:TRST) was down 31.9% during trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares traded hands during 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRST. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. UBS Group reaffirmed a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Trustpilot Group has a consensus rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Trading Down 31.9%

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The firm has a market cap of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02. The company’s 50 day moving average is GBX 200.71 and its two-hundred day moving average is GBX 221.10.

Trustpilot Group announced that its Board of Directors has approved a share buyback program on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair acquired 74,300 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average price of GBX 201 per share, for a total transaction of £149,343. Also, insider Hanno Damm sold 238,976 shares of Trustpilot Group stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Insiders have acquired 276,294 shares of company stock valued at $49,244,233 in the last 90 days. 17.83% of the stock is currently owned by company insiders.

Trustpilot Group Company Profile

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.