Trustpilot Group (LON:TRST) Shares Down 8% – What’s Next?

Trustpilot Group plc (LON:TRST)’s stock price traded down 8% during trading on Tuesday . The stock traded as low as GBX 237 and last traded at GBX 240. 2,886,415 shares traded hands during trading, a decline of 83% from the average session volume of 17,118,104 shares. The stock had previously closed at GBX 261.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating and set a GBX 410 price objective on shares of Trustpilot Group in a research note on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Trustpilot Group from GBX 290 to GBX 305 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 375 price objective on shares of Trustpilot Group in a research note on Thursday, May 7th. Finally, Berenberg Bank upped their target price on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 321.

Trustpilot Group Price Performance

The company has a quick ratio of 1.71, a current ratio of 0.57 and a debt-to-equity ratio of -269.41. The firm’s fifty day moving average price is GBX 214.30 and its two-hundred day moving average price is GBX 189.96. The stock has a market capitalization of £930.72 million, a PE ratio of 133.33 and a beta of 0.49.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Mohammed Anjarwala bought 180,000 shares of Trustpilot Group stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average cost of GBX 258 per share, with a total value of £464,400. Also, insider Peter Holten Mühlmann sold 359,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 239, for a total transaction of £858,010. Over the last ninety days, insiders sold 22,205,420 shares of company stock valued at $4,760,293,880. Insiders own 18.55% of the company’s stock.

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.