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

Trustpilot Group plc (LON:TRST)’s stock price was down 31.9% 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 Ratings Changes

TRST has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Trustpilot Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Price Performance

The company has a market capitalization of £521.78 million, a price-to-earnings ratio of -1.09 and a beta of 1.02. 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 company’s 50 day simple moving average is GBX 200.71 and its 200-day simple moving average is GBX 221.10.

Trustpilot Group declared that its Board of Directors has authorized a stock buyback plan on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Hanno Damm sold 238,976 shares of Trustpilot Group 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. Also, insider Adrian Blair bought 74,300 shares of Trustpilot Group stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average price of GBX 201 per share, for a total transaction of £149,343. Insiders have acquired a total of 276,294 shares of company stock valued at $49,244,233 in the last quarter. 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.