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

Trustpilot Group plc (LON:TRST)’s share price dropped 31.9% on Friday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares were traded 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRST. Deutsche Bank Aktiengesellschaft raised their target price 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. UBS Group restated a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Three 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.com, Trustpilot Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Price Performance

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 company has a market capitalization of £573.87 million, a P/E ratio of -1.20 and a beta of 1.02. The firm’s 50-day moving average is GBX 198.91 and its 200-day moving average is GBX 220.47.

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

Insider Buying and Selling

In related news, insider Hanno Damm sold 238,976 shares of Trustpilot Group 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 Adrian Blair purchased 74,300 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average cost of GBX 201 per share, with a total value of £149,343. In the last three months, insiders have purchased 276,294 shares of company stock valued at $49,244,233. 17.83% of the stock is owned by company insiders.

About Trustpilot Group

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.