Trustpilot Group (LON:TRST) Trading Down 31.9% – Time to Sell?

Shares of Trustpilot Group plc (LON:TRST) were down 31.9% during trading on Friday . The company traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a report on Tuesday, September 16th. UBS Group restated a “buy” rating and issued a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Three research 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The company has a 50 day moving average price of GBX 198.91 and a 200-day moving average price of GBX 220.47. The company has a market cap of £573.87 million, a price-to-earnings ratio of -1.20 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Trustpilot Group

In related news, insider Zillah Byng-Thorne bought 108,116 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were purchased at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Adrian Blair purchased 74,300 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average cost of GBX 201 per share, with a total value of £149,343. Over the last 90 days, insiders have acquired 276,294 shares of company stock worth $49,244,233. Company insiders own 17.83% of the company’s stock.

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.