Trustpilot Group (LON:TRST) Stock Price Down 8% – Here’s What Happened

Trustpilot Group plc (LON:TRST)’s share price traded down 8% during mid-day trading on Tuesday . The stock traded as low as GBX 237 and last traded at GBX 240. 2,886,415 shares changed hands during trading, a decline of 83% from the average session volume of 17,118,104 shares. The stock had previously closed at GBX 261.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Berenberg Bank lifted their price objective on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. UBS Group restated a “buy” rating and set a GBX 410 price objective on shares of Trustpilot Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 375 price objective on shares of Trustpilot Group in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price objective on Trustpilot Group from GBX 290 to GBX 305 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 321.

Trustpilot Group Price Performance

The stock has a market capitalization of £924.51 million, a PE ratio of 132.44 and a beta of 0.49. 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 company’s 50 day simple moving average is GBX 219.89 and its 200 day simple moving average is GBX 190.62.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 359,000 shares of Trustpilot Group stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 239, for a total value of £858,010. Also, insider Mohammed Anjarwala bought 180,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average cost of GBX 258 per share, with a total value of £464,400. In the last three months, insiders sold 22,205,420 shares of company stock valued at $4,760,293,880. Company 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.