Trustpilot Group (LON:TRST) Stock Price Down 31.9% – Should You Sell?

Trustpilot Group plc (LON:TRST) shares dropped 31.9% on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares traded hands during trading, an increase of 1,126% from the average daily volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. UBS Group restated a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a 50 day moving average of GBX 197.45 and a 200-day moving average of GBX 219.77. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The stock has a market capitalization of £584.44 million, a P/E ratio of -1.24 and a beta of 1.02.

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

Insider Buying and Selling at Trustpilot Group

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