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

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRST. UBS Group reiterated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The stock has a fifty day moving average of GBX 200.71 and a two-hundred day moving average of GBX 221.10. The stock has a market cap of £521.78 million, a price-to-earnings ratio of -1.09 and a beta of 1.02. 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 initiated 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 a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Trustpilot Group news, insider Adrian Blair bought 74,300 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were acquired at an average cost of GBX 201 per share, with a total value of £149,343. Also, insider Hanno Damm sold 238,976 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total value of £530,526.72. Insiders have purchased a total of 276,294 shares of company stock worth $49,244,233 over the last quarter. 17.83% 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.