Trustpilot Group (LON:TRST) Trading Down 2.4% – Time to Sell?

Trustpilot Group plc (LON:TRST) shares dropped 2.4% during trading on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

TRST has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and issued a GBX 410 price target on shares of Trustpilot Group in a research note on Tuesday, May 5th. Berenberg Bank raised their price objective 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 reaffirmed a “buy” rating and issued a GBX 375 price objective on shares of Trustpilot Group in a report on Thursday, May 7th. Finally, Royal Bank Of Canada upped their target price on Trustpilot Group from GBX 290 to GBX 305 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trustpilot Group presently has a consensus rating of “Buy” and a consensus target price of GBX 351.25.

Trustpilot Group Trading Down 2.4%

The company has a debt-to-equity ratio of -269.41, a quick ratio of 1.71 and a current ratio of 0.57. The stock has a market capitalization of £921.43 million, a P/E ratio of 132.37 and a beta of 0.49. The firm’s fifty day simple moving average is GBX 245.50 and its 200 day simple moving average is GBX 200.74.

Insider Transactions at Trustpilot Group

In other news, insider Mohammed Anjarwala acquired 220,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was acquired at an average cost of GBX 261 per share, for a total transaction of £574,200. 13.46% of the stock is owned by company insiders.

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.