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

Shares of Trustpilot Group plc (LON:TRST) fell 31.9% during mid-day trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares changed 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.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group reaffirmed 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 report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Price Performance

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 business has a 50 day simple moving average of GBX 197.45 and a 200-day simple moving average of GBX 219.77. The firm has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Zillah Byng-Thorne purchased 108,116 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Joe Hurd acquired 718 shares of the business’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of GBX 140 per share, for a total transaction of £1,005.20. Over the last three months, insiders have acquired 327,012 shares of company stock worth $56,344,753. 17.92% of the stock is owned by corporate insiders.

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.