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

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

Analysts Set New Price Targets

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

Trustpilot Group Trading Down 31.9%

The company has a 50 day simple moving average of GBX 200.71 and a 200 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. The stock has a market capitalization of £521.78 million, a PE ratio of -1.09 and a beta of 1.02.

Trustpilot Group declared that its board has initiated a share buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In related news, insider Zillah Byng-Thorne purchased 108,116 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Adrian Blair acquired 74,300 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was purchased at an average price of GBX 201 per share, for a total transaction of £149,343. Insiders purchased 276,294 shares of company stock worth $49,244,233 over 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.