Trustpilot Group (LON:TRST) Trading Down 31.9% – Time to Sell?

Shares of Trustpilot Group plc (LON:TRST) traded down 31.9% during mid-day trading on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares were traded 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRST. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. UBS Group reissued a “buy” rating and issued 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Trading Down 31.9%

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 quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The firm’s 50-day moving average price is GBX 200.71 and its 200-day moving average price is GBX 221.10.

Trustpilot Group announced that its Board of Directors has initiated a share repurchase plan on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors 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 Zillah Byng-Thorne purchased 108,116 shares of the business’s stock in a transaction dated 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 purchased a total of 276,294 shares of company stock worth $49,244,233 over the last 90 days. Corporate 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.