Trustpilot Group (LON:TRST) Stock Price Down 31.9% – Should You Sell?

Trustpilot Group plc (LON:TRST) traded down 31.9% during trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

TRST has been the subject of several analyst reports. UBS Group restated a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company 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 MarketBeat, Trustpilot Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Performance

The stock has a market capitalization of £521.78 million, a price-to-earnings ratio of -1.09 and a beta of 1.02. The firm has a fifty day moving average of GBX 198.91 and a 200-day moving average of GBX 220.47. 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 declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

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

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.