Trustpilot Group (LON:TRST) Shares Down 31.9% – What’s Next?

Trustpilot Group plc (LON:TRST) shares dropped 31.9% during trading 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.

Analysts Set New Price Targets

TRST has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Performance

The company has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02. The stock’s fifty day moving average price is GBX 197.45 and its 200-day moving average price is GBX 219.58. 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 has initiated a stock repurchase plan on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

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