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

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

Wall Street Analyst Weigh In

TRST has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 410 price target on shares of Trustpilot Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 375 price target on shares of Trustpilot Group in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price target on shares of Trustpilot Group from GBX 290 to GBX 305 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. 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 report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 321.

Trustpilot Group Stock Down 8.0%

The company has a market capitalization of £930.72 million, a PE ratio of 133.33 and a beta of 0.49. The company’s 50 day moving average is GBX 214.30 and its two-hundred day moving average is GBX 189.96. The company has a quick ratio of 1.71, a current ratio of 0.57 and a debt-to-equity ratio of -269.41.

Insiders Place Their Bets

In other Trustpilot Group news, insider Mohammed Anjarwala sold 21,593,420 shares of Trustpilot Group stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of GBX 214, for a total value of £46,209,918.80. Also, insider Hanno Damm sold 200,000 shares of Trustpilot Group stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total transaction of £420,000. 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.

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.