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

Trustpilot Group plc (LON:TRST)’s stock price traded down 31.9% during trading on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares traded hands during 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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRST. UBS Group reaffirmed 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 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. 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, Trustpilot Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Performance

The stock has a market cap of £521.78 million, a price-to-earnings 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. The stock’s 50-day moving average is GBX 200.71 and its 200-day moving average is GBX 221.10.

Trustpilot Group announced that its board has initiated a stock repurchase program on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Trustpilot Group news, insider Adrian Blair bought 74,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was purchased at an average cost of GBX 201 per share, for a total transaction of £149,343. Also, insider Zillah Byng-Thorne bought 108,116 shares of Trustpilot Group stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 138 per share, for a total transaction of £149,200.08. Insiders acquired a total of 276,294 shares of company stock valued at $49,244,233 over the last quarter. Company 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.