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

Trustpilot Group plc (LON:TRST)’s stock price was down 31.9% on Thursday . The stock 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.

Analyst Upgrades and Downgrades

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

Trustpilot Group Price Performance

The company has a market capitalization of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02. The company’s 50-day simple moving average is GBX 200.71 and its 200 day simple moving average is GBX 221.10. 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 announced that its board has initiated a stock repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Hanno Damm sold 238,976 shares of the business’s 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. Also, insider Adrian Blair bought 74,300 shares of the stock in a transaction on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 201 per share, for a total transaction of £149,343. Insiders purchased 276,294 shares of company stock valued at $49,244,233 over the last 90 days. 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.