Trustpilot Group (LON:TRST) Trading Down 31.9% – What’s Next?

Shares of Trustpilot Group plc (LON:TRST) traded down 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 Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Price Performance

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 company has a market capitalization of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The firm’s 50 day simple moving average is GBX 197.45 and its 200 day simple moving average is GBX 219.58.

Trustpilot Group declared that its board has approved a share repurchase program on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Hanno Damm sold 238,976 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total value of £530,526.72. Also, insider Joe Hurd acquired 718 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of GBX 140 per share, with a total value of £1,005.20. Over the last 90 days, insiders have purchased 327,012 shares of company stock valued at $56,344,753. 17.92% of the stock is currently owned by company 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.