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

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

Analyst Ratings Changes

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

Trustpilot Group Price Performance

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

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

Insider Activity

In other Trustpilot Group news, insider Zillah Byng-Thorne purchased 27,755 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were bought at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Also, insider Adrian Blair acquired 74,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 201 per share, with a total value of £149,343. Insiders have acquired a total of 168,178 shares of company stock valued at $34,324,225 over the last quarter. Company insiders own 17.83% of the company’s stock.

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.