Trustpilot Group (LON:TRST) Trading Down 27.1% – Time to Sell?

Trustpilot Group plc (LON:TRST)’s share price traded down 27.1% during mid-day trading on Thursday . The company traded as low as GBX 138.20 and last traded at GBX 138.20. 19,054,660 shares traded hands during mid-day trading, an increase of 428% from the average session volume of 3,605,934 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group reiterated a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. 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 stock has a market cap of £539.55 million, a PE ratio of -1.13 and a beta of 1.02. The business has a fifty day simple moving average of GBX 200.71 and a two-hundred day simple moving average of GBX 221.10. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

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

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne purchased 27,755 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was bought at an average cost of GBX 215 per share, with a total value of £59,673.25. Also, insider Adrian Blair acquired 74,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average cost of GBX 201 per share, for a total transaction of £149,343. Over the last 90 days, insiders bought 168,178 shares of company stock valued at $34,324,225. 17.83% 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.