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

Trustpilot Group plc (LON:TRST)’s share price traded down 31.9% during trading on Thursday . The company 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 research firms recently issued reports on TRST. 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. UBS Group reiterated a “buy” rating and set 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Trustpilot Group has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The company has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The stock 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.

Trustpilot Group announced that its board has authorized a stock repurchase plan on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Joe Hurd acquired 718 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were 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 that occurred on Thursday, December 4th. The stock was bought at an average cost of GBX 138 per share, for a total transaction of £149,200.08. In the last quarter, insiders bought 327,012 shares of company stock worth $56,344,753. 17.92% 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.