Trustpilot Group (LON:TRST) Sets New 12-Month Low – Here’s Why

Trustpilot Group plc (LON:TRST) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 118.20 and last traded at GBX 186.40, with a volume of 1320901 shares traded. The stock had previously closed at GBX 184.20.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trustpilot Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 1.1%

The stock has a fifty day moving average of GBX 173.57 and a 200-day moving average of GBX 208.39. The company has a market cap of £734.36 million, a PE ratio of -1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

Trustpilot Group announced that its Board of Directors has initiated a share buyback plan on Tuesday, September 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Trustpilot Group

In related news, insider Adrian Blair acquired 95,296 shares of the stock in a transaction on Tuesday, December 9th. The stock was bought at an average cost of GBX 157 per share, with a total value of £149,614.72. Also, insider Hanno Damm bought 50,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average price of GBX 140 per share, for a total transaction of £70,000. In the last three months, insiders have bought 378,053 shares of company stock valued at $61,840,900. Company insiders own 17.92% of the company’s stock.

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.