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

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRST shares. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from 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 50 day moving average price of GBX 200.71 and a 200-day moving average price of GBX 221.10. The company has a market cap of £521.78 million, a price-to-earnings 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.

Trustpilot Group declared that its board has approved a share buyback program on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair purchased 74,300 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were purchased 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 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. In the last 90 days, insiders bought 276,294 shares of company stock valued at $49,244,233. 17.83% 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.