Trustpilot Group (LON:TRST) Shares Down 31.9% – Should You Sell?

Shares of Trustpilot Group plc (LON:TRST) dropped 31.9% on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares changed 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped 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. Three investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 340.75.

Trustpilot Group Trading Up 10.0%

The firm has a market cap of £573.87 million, a PE ratio of -1.20 and a beta of 1.02. The firm has a fifty day simple moving average of GBX 198.91 and a two-hundred day simple moving average of GBX 220.47. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Trustpilot Group announced that its Board of Directors has approved a share repurchase program on Tuesday, September 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Trustpilot Group

In related news, insider Zillah Byng-Thorne bought 108,116 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average cost of GBX 138 per share, with a total value of £149,200.08. Also, insider Hanno Damm sold 238,976 shares of Trustpilot Group 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 276,294 shares of company stock worth $49,244,233 over the last quarter. 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.