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

by · The Markets Daily

Shares of Trustpilot Group plc (LON:TRST – Get Free Report) fell 31.9% during trading on Thursday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares traded hands during mid-day trading, an increase of 1,126% from the average session volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on TRST

Trustpilot Group Trading Down 31.9%

The firm has a market cap of £521.78 million, a P/E 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 fifty day moving average price is GBX 200.71 and its two-hundred day moving average price is GBX 221.10.

Trustpilot Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, September 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Hanno Damm sold 238,976 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Zillah Byng-Thorne purchased 108,116 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 138 per share, with a total value of £149,200.08. Insiders have acquired a total of 276,294 shares of company stock worth $49,244,233 in the last three months. 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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