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

Trustpilot Group plc (LON:TRST) shares 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 mid-day 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRST shares. Deutsche Bank Aktiengesellschaft increased their target price 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 reiterated 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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 company has a fifty day moving average price of GBX 200.71 and a two-hundred day moving average price of GBX 221.10. The company has a market cap of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, September 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Hanno Damm sold 238,976 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. Also, insider Adrian Blair bought 74,300 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were purchased at an average price of GBX 201 per share, for a total transaction of £149,343. Insiders have purchased 276,294 shares of company stock valued at $49,244,233 in the last 90 days. 17.83% of the stock is currently owned by 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.