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

Trustpilot Group plc (LON:TRST)’s share price was down 31.9% during trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,502,363 shares traded hands during trading, an increase of 1,124% from the average daily volume of 3,718,001 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TRST shares. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the stock 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 company’s stock. According to data from MarketBeat.com, Trustpilot Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Trading Down 31.9%

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The company has a market cap of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02. The business has a fifty day simple moving average of GBX 200.71 and a 200 day simple moving average of GBX 221.10.

Trustpilot Group declared that its board has initiated a share buyback program on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Trustpilot Group

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