Trustpilot Group (LON:TRST) Trading Down 24% – Here’s What Happened

Shares of Trustpilot Group plc (LON:TRST) fell 24% during trading on Thursday . The company traded as low as GBX 139.23 and last traded at GBX 144.16. 15,924,738 shares were traded during mid-day trading, an increase of 343% from the average session volume of 3,592,672 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TRST shares. UBS Group reaffirmed a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of 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 company. Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Down 25.6%

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 business’s fifty day moving average price is GBX 200.71 and its two-hundred day moving average price is GBX 221.10. The stock has a market capitalization of £569.63 million, a PE ratio of -1.19 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Trustpilot Group

In other Trustpilot Group news, insider Adrian Blair acquired 74,300 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 201 per share, for a total transaction of £149,343. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average cost of GBX 215 per share, for a total transaction of £59,673.25. Insiders have bought a total of 168,178 shares of company stock worth $34,324,225 over 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.