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

Trustpilot Group plc (LON:TRST)’s share price fell 31.9% 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 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRST. UBS Group reissued a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Trading Up 10.0%

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 firm has a fifty day simple moving average of GBX 198.91 and a 200-day simple moving average of GBX 220.47. The firm has a market cap of £573.87 million, a P/E ratio of -1.20 and a beta of 1.02.

Trustpilot Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 238,976 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Adrian Blair acquired 74,300 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 201 per share, for a total transaction of £149,343. In the last 90 days, insiders acquired 276,294 shares of company stock worth $49,244,233. 17.83% of the stock is owned by corporate 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.