Trustpilot Group (LON:TRST) Trading Down 25.1% – Here’s What Happened

Trustpilot Group plc (LON:TRST) traded down 25.1% during trading on Thursday . The stock traded as low as GBX 139.23 and last traded at GBX 142. 16,827,186 shares were traded during trading, an increase of 368% from the average session volume of 3,596,496 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

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

Trustpilot Group Stock Performance

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The company’s 50 day moving average price is GBX 197.45 and its 200-day moving average price is GBX 219.77. The stock has a market cap of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has initiated a share buyback program on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Trustpilot Group news, insider Adrian Blair purchased 74,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average cost of GBX 201 per share, for a total transaction of £149,343. Also, insider Hanno Damm sold 238,976 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. Insiders bought 327,012 shares of company stock worth $56,344,753 in the last quarter. 17.92% of the stock is owned by corporate 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.