Trustpilot Group (LON:TRST) Shares Down 31.9% – Here’s Why

Trustpilot Group plc (LON:TRST) shares fell 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 were traded 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 Analysts Forecast Growth

TRST has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. UBS Group restated a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Performance

The company has a market capitalization of £584.44 million, a price-to-earnings ratio of -1.24 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 has a 50 day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.77.

Trustpilot Group announced that its Board of Directors has initiated a share repurchase plan 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. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Joe Hurd purchased 718 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm sold 238,976 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. In the last ninety days, insiders purchased 327,012 shares of company stock worth $56,344,753. 17.92% of the stock is currently owned by corporate insiders.

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.