Trustpilot Group (LON:TRST) Shares Down 27.1% – Should You Sell?

by · The Cerbat Gem

Shares of Trustpilot Group plc (LON:TRST – Get Free Report) fell 27.1% during mid-day trading on Thursday . The company traded as low as GBX 138.20 and last traded at GBX 138.20. 19,054,660 shares were traded during mid-day trading, an increase of 428% from the average session volume of 3,605,934 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TRST shares. UBS Group restated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased 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. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Read Our Latest Research Report on Trustpilot Group

Trustpilot Group Stock Performance

The firm has a fifty day moving average of GBX 200.71 and a 200 day moving average of GBX 221.10. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The stock has a market capitalization of £558.12 million, a price-to-earnings ratio of -1.17 and a beta of 1.02.

Trustpilot Group announced that its board has approved a stock buyback program on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In other news, insider Adrian Blair bought 74,300 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was purchased at an average cost of GBX 201 per share, with a total value of £149,343. Also, insider Zillah Byng-Thorne bought 27,755 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average price of GBX 215 per share, with a total value of £59,673.25. Insiders have bought 168,178 shares of company stock valued at $34,324,225 in the last 90 days. 17.83% of the stock is currently owned by company insiders.

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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