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

by · The Cerbat Gem

Trustpilot Group plc (LON:TRST – Get Free Report)’s share 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 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 research firms have commented on TRST. UBS Group reissued a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued 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 target price of GBX 340.75.

Get Our Latest Stock Report on TRST

Trustpilot Group Stock Performance

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 company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company has a 50 day moving average of GBX 200.71 and a 200 day moving average of GBX 221.10.

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

Insider Buying and Selling

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

Trustpilot Group Company Profile

(Get Free Report)

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.

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