Trustpilot Group (LON:TRST) Shares Down 31.9% – Time to Sell?

Shares of Trustpilot Group plc (LON:TRST) fell 31.9% during mid-day trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares changed hands during mid-day trading, an increase of 1,126% from the average session volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TRST shares. UBS Group restated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target 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 analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Trading Down 31.9%

The company’s fifty day simple moving average is GBX 200.71 and its 200-day simple moving average is GBX 221.10. The firm has a market capitalization of £521.78 million, a PE ratio of -1.09 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.

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

Insider Buying and Selling

In other news, insider Adrian Blair bought 74,300 shares of Trustpilot Group stock in a transaction on Wednesday, October 22nd. The stock was acquired at an average price of GBX 201 per share, with a total value of £149,343. Also, insider Zillah Byng-Thorne bought 108,116 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average price of GBX 138 per share, for a total transaction of £149,200.08. In the last three months, insiders have bought 276,294 shares of company stock worth $49,244,233. 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.