Trustpilot Group (LON:TRST) Stock Price Down 29.6% – What’s Next?

by · The Cerbat Gem

Trustpilot Group plc (LON:TRST – Get Free Report) dropped 29.6% on Thursday . The stock traded as low as GBX 125.40 and last traded at GBX 133.60. Approximately 37,628,859 shares changed hands during trading, an increase of 921% from the average daily volume of 3,684,638 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

TRST has been the subject of several research reports. 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 research note on Tuesday, September 16th. UBS Group reiterated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Check Out Our Latest Analysis on Trustpilot Group

Trustpilot Group Stock Performance

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 50-day moving average is GBX 200.71 and its two-hundred day moving average is GBX 221.10.

Trustpilot Group declared that its board has authorized a share buyback plan 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 plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Trustpilot Group

In related news, insider Adrian Blair purchased 74,300 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 201 per share, with a total value of £149,343. Also, insider Hanno Damm sold 238,976 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Insiders have purchased a total of 168,178 shares of company stock valued at $34,324,225 over the last 90 days. 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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