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

Trustpilot Group plc (LON:TRST) dropped 31.9% during mid-day trading 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.

Analyst Ratings Changes

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted 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 set a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

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 firm has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02. The firm’s 50 day simple moving average is GBX 197.45 and its two-hundred day simple moving average is GBX 219.58.

Trustpilot Group announced that its board has authorized a share repurchase 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 usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Hanno Damm bought 50,000 shares of Trustpilot Group stock in a transaction dated Thursday, December 4th. The shares were bought at an average cost of GBX 140 per share, with a total value of £70,000. Also, insider Adrian Blair purchased 74,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was bought at an average cost of GBX 201 per share, with a total value of £149,343. In the last ninety days, insiders have acquired 327,012 shares of company stock valued at $56,344,753. 17.92% of the stock is currently 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.