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

Shares of Trustpilot Group plc (LON:TRST) traded down 4.2% on Tuesday . The stock traded as low as GBX 248.20 and last traded at GBX 248.20. 1,176,684 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 15,025,679 shares. The stock had previously closed at GBX 259.20.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and issued a GBX 410 price objective on shares of Trustpilot Group in a research report on Tuesday, May 5th. Berenberg Bank lifted their price objective on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Royal Bank Of Canada lifted their price objective on Trustpilot Group from GBX 290 to GBX 305 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 375 price objective on shares of Trustpilot Group in a research report on Thursday, May 7th. Four 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 company presently has an average rating of “Moderate Buy” and an average target price of GBX 321.

Trustpilot Group Price Performance

The firm has a market capitalization of £962.52 million, a P/E ratio of 137.89 and a beta of 0.49. The business has a 50-day moving average of GBX 233.19 and a 200 day moving average of GBX 193.67. The company has a current ratio of 0.57, a quick ratio of 1.71 and a debt-to-equity ratio of -269.41.

Insider Activity at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 200,000 shares of Trustpilot Group stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total transaction of £420,000. Also, insider Mohammed Anjarwala purchased 180,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were bought at an average price of GBX 258 per share, with a total value of £464,400. Insiders sold 22,205,420 shares of company stock valued at $4,760,293,880 in the last three months. Corporate insiders own 18.55% 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.