Trustpilot Group (LON:TRST) Shares Down 31.9% – What’s Next?

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

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Performance

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

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

Insider Activity

In other news, insider Adrian Blair purchased 74,300 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average price of GBX 201 per share, with a total value of £149,343. Also, insider Joe Hurd acquired 718 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average price of GBX 140 per share, for a total transaction of £1,005.20. Over the last 90 days, insiders have acquired 327,012 shares of company stock valued at $56,344,753. 17.92% of the stock is 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.