Trustpilot Group (LON:TRST) Shares Down 31.9% – Here’s What Happened

Trustpilot Group plc (LON:TRST) was down 31.9% on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares changed hands 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

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. UBS Group reiterated a “buy” rating and set a GBX 400 target price 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The firm has a market capitalization of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02. The business’s 50-day simple moving average is GBX 200.71 and its 200 day simple moving average is GBX 221.10. 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 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.

Insider Transactions at Trustpilot Group

In related news, insider Zillah Byng-Thorne purchased 108,116 shares of Trustpilot Group stock in a transaction dated Thursday, December 4th. The stock was purchased at an average cost of GBX 138 per share, for a total transaction of £149,200.08. Also, insider Hanno Damm sold 238,976 shares of Trustpilot Group stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. In the last ninety days, insiders purchased 276,294 shares of company stock valued at $49,244,233. Company insiders own 17.83% of the company’s stock.

About Trustpilot Group

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.