Trustpilot Group (LON:TRST) Trading Down 10.7% – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Berenberg Bank raised their price target on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 375 target price on shares of Trustpilot Group in a research report on Thursday, May 7th. UBS Group reaffirmed a “buy” rating and issued a GBX 410 price target on shares of Trustpilot Group in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada upped their target price 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 351.25.

Trustpilot Group Trading Down 10.7%

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 stock’s 50 day moving average is GBX 248.93 and its two-hundred day moving average is GBX 212.38. The company has a market capitalization of £1.00 billion, a PE ratio of 144.33 and a beta of 0.51.

Insider Activity

In other Trustpilot Group news, insider Mohammed Anjarwala acquired 220,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were purchased at an average cost of GBX 261 per share, for a total transaction of £574,200. Corporate insiders own 13.47% of the company’s stock.

Trustpilot Group Company Profile

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.