Trustpilot Group (LON:TRST) Shares Down 29.6% – Here’s Why

Trustpilot Group plc (LON:TRST)’s share price was down 29.6% during mid-day trading on Thursday . The stock traded as low as GBX 125.40 and last traded at GBX 133.60. Approximately 37,628,859 shares traded hands during trading, an increase of 921% from the average daily volume of 3,684,638 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

Several research firms have commented on TRST. Deutsche Bank Aktiengesellschaft upped 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 issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trustpilot Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 13.3%

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 is GBX 197.45 and its 200 day moving average is GBX 219.77. The company has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02.

Trustpilot Group announced that its board has approved a share buyback plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Joe Hurd purchased 718 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average price of GBX 140 per share, with a total value of £1,005.20. Also, insider Zillah Byng-Thorne purchased 108,116 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average cost of GBX 138 per share, with a total value of £149,200.08. Insiders have bought 327,012 shares of company stock worth $56,344,753 in the last 90 days. 17.92% 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.