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

Trustpilot Group plc (LON:TRST) shares 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 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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. UBS Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Down 31.9%

The firm has a market cap of £521.78 million, a price-to-earnings ratio of -1.09 and a beta of 1.02. The firm has a fifty day simple moving average of GBX 200.71 and a 200-day simple moving average of GBX 221.10. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

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

Insider Transactions at Trustpilot Group

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