Trustpilot Group (LON:TRST) Hits New 12-Month Low – Should You Sell?

Trustpilot Group plc (LON:TRST)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 178.40 and last traded at GBX 179.60, with a volume of 5992461 shares changing hands. The stock had previously closed at GBX 180.40.

Analyst Ratings Changes

TRST has been the topic of a number of analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 420 target price on shares of Trustpilot Group in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The company has a market capitalization of £750.76 million, a P/E ratio of -1.57 and a beta of 1.02. The business’s fifty day moving average price is GBX 210.63 and its 200-day moving average price is GBX 226.91.

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

Insider Activity

In other news, insider Zillah Byng-Thorne purchased 27,755 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was bought at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Also, insider Adrian Blair purchased 74,300 shares of Trustpilot Group stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average price of GBX 201 per share, for a total transaction of £149,343. In the last 90 days, insiders acquired 168,178 shares of company stock valued at $34,324,225. Corporate insiders own 17.83% 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.