Trustpilot Group (LON:TRST) Shares Down 23.5% - Here's Why

Key Points

• Shares plunged 23.5% to GBX 145.10 on Thursday with volume surging ~295% to about 14.18 million shares versus an average of 3.59 million.
• Analysts remain generally positive—MarketBeat shows a consensus rating of "Moderate Buy" and a mean price target of GBX 340.75, with buy calls from Deutsche Bank and UBS.
• Company insiders and the board signalled confidence: a board-approved open-market share buyback was announced and insiders bought 168,178 shares in the last three months, with insiders owning 17.83% of the stock.

Trustpilot Group plc (LON:TRST - Get Free Report) was down 23.5% during trading on Thursday . The stock traded as low as GBX 144.10 and last traded at GBX 145.10. Approximately 14,177,045 shares traded hands during mid-day trading, an increase of 295% from the average daily volume of 3,585,266 shares. The stock had previously closed at GBX 189.70.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRST. Deutsche Bank Aktiengesellschaft lifted their price target on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a report on Tuesday, September 16th. UBS Group reiterated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 340.75.

Trustpilot Group Stock Down 23.5%

The company has a market cap of £585.99 million, a price-to-earnings ratio of -1.22 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The business has a 50-day simple moving average of GBX 200.71 and a 200-day simple moving average of GBX 221.10.

Trustpilot Group announced that its Board of Directors has approved a share buyback plan on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In other Trustpilot Group news, insider Zillah Byng-Thorne purchased 27,755 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was bought at an average cost of GBX 215 per share, with a total value of £59,673.25. Also, insider Adrian Blair acquired 74,300 shares of the company's stock in a transaction dated Wednesday, October 22nd. The stock was acquired at an average price of GBX 201 per share, for a total transaction of £149,343. In the last three months, insiders have bought 168,178 shares of company stock worth $34,324,225. 17.83% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.