Trustpilot Group (LON:TRST) Shares Down 12.7% – What’s Next?

Trustpilot Group plc (LON:TRST) shares dropped 12.7% during mid-day trading on Tuesday . The stock traded as low as GBX 205 and last traded at GBX 205.80. Approximately 11,003,530 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 22,288,791 shares. The stock had previously closed at GBX 235.80.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 290 target price on shares of Trustpilot Group in a research note on Wednesday, January 21st. 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 note on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 316.

Trustpilot Group Trading Down 11.2%

The company has a market capitalization of £819.03 million, a P/E ratio of -1.77 and a beta of 0.73. The business has a fifty day moving average price of GBX 175.96 and a 200 day moving average price of GBX 186.31. The company has a quick ratio of 1.71, a current ratio of 0.57 and a debt-to-equity ratio of -269.41.

Insider Buying and Selling

In other Trustpilot Group news, insider Hanno Damm sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total transaction of £420,000. Also, insider Peter Holten Mühlmann sold 359,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of GBX 239, for a total transaction of £858,010. In the last three months, insiders sold 612,000 shares of company stock worth $139,302,000. 18.55% of the stock is owned by 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.