Trustpilot Group (LON:TRST) Trading Down 31.9% – Here’s What Happened

by · The Cerbat Gem

Trustpilot Group plc (LON:TRST – Get Free Report) traded down 31.9% during mid-day trading on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. 45,502,363 shares were traded during trading, an increase of 1,124% from the average session volume of 3,718,001 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group reissued a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 340.75.

View Our Latest Report on TRST

Trustpilot Group Stock Performance

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The stock’s fifty day moving average price is GBX 200.71 and its 200-day moving average price is GBX 221.10. The company has a market capitalization of £521.78 million, a P/E ratio of -1.09 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Adrian Blair purchased 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. Also, insider Zillah Byng-Thorne purchased 108,116 shares of the stock in a transaction dated Thursday, December 4th. The shares were bought at an average price of GBX 138 per share, with a total value of £149,200.08. Insiders have bought 276,294 shares of company stock worth $49,244,233 over the last ninety days. Corporate 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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