Trustpilot Group (LON:TRST) Trading Down 2.4% – Should You Sell?

Shares of Trustpilot Group plc (LON:TRST) dropped 2.4% during mid-day trading on Tuesday . The company traded as low as GBX 232.20 and last traded at GBX 238.26. Approximately 814,934 shares changed hands during trading, a decline of 94% from the average daily volume of 13,504,463 shares. The stock had previously closed at GBX 244.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRST shares. UBS Group restated a “buy” rating and issued a GBX 410 price objective on shares of Trustpilot Group in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their target price on 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 reissued a “buy” rating and set a GBX 375 target price on shares of Trustpilot Group in a research report on Thursday, May 7th. Finally, Berenberg Bank lifted their price target on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Trustpilot Group presently has a consensus rating of “Buy” and an average target price of GBX 351.25.

Trustpilot Group Trading Down 1.1%

The business’s 50-day moving average is GBX 245.50 and its two-hundred day moving average is GBX 201.46. The company has a current ratio of 0.57, a quick ratio of 1.71 and a debt-to-equity ratio of -269.41. The stock has a market capitalization of £902.88 million, a PE ratio of 129.70 and a beta of 0.49.

Insider Activity at Trustpilot Group

In related news, insider Mohammed Anjarwala bought 220,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was bought at an average price of GBX 261 per share, with a total value of £574,200. 13.46% 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.