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

Trustpilot Group plc (LON:TRST)’s share price dropped 31.9% on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,502,363 shares traded hands during mid-day 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.

Analysts Set New Price Targets

TRST has been the subject of a number of research analyst reports. UBS Group reissued a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Trustpilot Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Stock Performance

The stock has a 50 day moving average of GBX 197.45 and a two-hundred day moving average of GBX 219.77. The stock has a market capitalization of £584.44 million, a PE 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.

Trustpilot Group announced that its Board of Directors 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Trustpilot Group

In related news, insider Zillah Byng-Thorne bought 108,116 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Joe Hurd purchased 718 shares of Trustpilot Group stock in a transaction dated Friday, December 5th. The shares were bought at an average price of GBX 140 per share, with a total value of £1,005.20. In the last quarter, insiders acquired 327,012 shares of company stock valued at $56,344,753. Company insiders own 17.92% 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.