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

Trustpilot Group plc (LON:TRST)’s share price was down 31.9% on Thursday . The stock 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.

Analysts Set New Price Targets

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

Trustpilot Group Price Performance

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’s 50-day moving average price is GBX 200.71 and its two-hundred day moving average price is GBX 221.10. The stock has a market cap of £521.78 million, a PE ratio of -1.09 and a beta of 1.02.

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

Insiders Place Their Bets

In other Trustpilot Group news, insider Hanno Damm sold 238,976 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Adrian Blair purchased 74,300 shares of the business’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. Insiders purchased a total of 276,294 shares of company stock worth $49,244,233 over the last 90 days. 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.