Trustpilot Group (LON:TRST) Stock Price Down 10.7% – Here’s Why

Trustpilot Group plc (LON:TRST)’s share price was down 10.7% during mid-day trading on Thursday . The company traded as low as GBX 250.60 and last traded at GBX 259.80. 2,336,824 shares changed hands during trading, a decline of 82% from the average daily volume of 12,792,287 shares. The stock had previously closed at GBX 290.80.

Analysts Set New Price Targets

TRST has been the subject of several research reports. Royal Bank Of Canada upped their price objective on shares of Trustpilot Group from GBX 290 to GBX 305 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 375 price target on shares of Trustpilot Group in a research report on Thursday, May 7th. Finally, UBS Group reissued a “buy” rating and issued a GBX 410 price target on shares of Trustpilot Group in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of “Buy” and a consensus price target of GBX 351.25.

Trustpilot Group Price Performance

The firm has a market cap of £1.02 billion, a P/E ratio of 146.28 and a beta of 0.51. The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71. The firm’s 50 day moving average is GBX 248.80 and its 200 day moving average is GBX 213.42.

Insider Activity at Trustpilot Group

In related news, insider Mohammed Anjarwala purchased 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average price of GBX 258 per share, for a total transaction of £464,400. 13.47% 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.