Trustpilot Group (LON:TRST) Stock Price Down 18.6% – Should You Sell?

Trustpilot Group plc (LON:TRST)’s stock price fell 18.6% during trading on Thursday . The stock traded as low as GBX 153.50 and last traded at GBX 154.40. 4,241,744 shares changed hands during trading, an increase of 20% from the average session volume of 3,543,168 shares. The stock had previously closed at GBX 189.70.

Analyst Ratings Changes

A number of brokerages have commented on TRST. UBS Group reissued a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Stock Performance

The stock has a 50-day moving average of GBX 197.45 and a 200 day moving average of GBX 219.77. The stock has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. 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 stock repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider Zillah Byng-Thorne bought 108,116 shares of Trustpilot Group stock in a transaction on Thursday, December 4th. The shares were bought at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Adrian Blair bought 74,300 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was purchased at an average price of GBX 201 per share, for a total transaction of £149,343. In the last 90 days, insiders bought 327,012 shares of company stock worth $56,344,753. 17.92% of the stock is owned by insiders.

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.