Trustpilot Group (LON:TRST) Stock Price Down 4.2% – Here’s What Happened

Trustpilot Group plc (LON:TRST) shares dropped 4.2% during trading on Friday. The stock traded as low as GBX 260.40 and last traded at GBX 262.95. Approximately 60,761,027 shares changed hands during trading, an increase of 522% from the average daily volume of 9,767,300 shares. The stock had previously closed at GBX 274.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRST shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 315 price target on shares of Trustpilot Group in a research note on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 375 price objective on shares of Trustpilot Group in a research report on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 351.25.

Trustpilot Group Trading Down 4.2%

The company has a market cap of £1.01 billion, a price-to-earnings ratio of -3.36 and a beta of 0.51. The firm has a 50 day moving average price of GBX 253.94 and a two-hundred day moving average price of GBX 253.52. The company has a quick ratio of 1.71, a current ratio of 0.40 and a debt-to-equity ratio of -45.48.

Insider Buying and Selling

In related news, insider Zillah Byng-Thorne acquired 27,746 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average cost of GBX 215 per share, with a total value of £59,653.90. Also, insider Marcus Roy bought 45,436 shares of Trustpilot Group stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average price of GBX 219 per share, for a total transaction of £99,504.84. Insiders have purchased a total of 207,556 shares of company stock valued at $45,439,241 over the last ninety days. 13.76% of the stock is owned by company 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.