Trustpilot Group (LON:TRST) Shares Down 18.3% – Here’s What Happened

Trustpilot Group plc (LON:TRST) dropped 18.3% on Thursday . The company traded as low as GBX 149 and last traded at GBX 155. Approximately 10,017,537 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 3,567,641 shares. The stock had previously closed at GBX 189.70.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRST. Deutsche Bank Aktiengesellschaft increased their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. UBS Group reiterated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Trading Up 13.3%

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

Trustpilot Group declared that its board has approved a share repurchase plan on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

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