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

Trustpilot Group plc (LON:TRST)’s share price traded down 31.9% during trading on Friday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. 45,591,195 shares changed 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 Ratings Changes

A number of research firms have weighed in on TRST. UBS Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 10.0%

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 stock has a market capitalization of £573.87 million, a P/E ratio of -1.20 and a beta of 1.02. The business has a 50-day moving average price of GBX 198.91 and a two-hundred day moving average price of GBX 220.47.

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

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne acquired 108,116 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 138 per share, for a total transaction of £149,200.08. Also, insider Hanno Damm sold 238,976 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. In the last quarter, insiders acquired 276,294 shares of company stock valued at $49,244,233. Corporate insiders own 17.83% of the company’s stock.

Trustpilot Group Company Profile

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.