Trustpilot Group (LON:TRST) Stock Falls 4.2% – What’s Next?

Trustpilot Group plc (LON:TRST) traded down 4.2% during mid-day trading on Friday. The stock traded as low as GBX 260.40 and last traded at GBX 262.95. Approximately 60,761,027 shares changed hands during trading, an increase of 522% from the average daily volume of 9,767,300 shares. The stock had previously closed at GBX 274.40.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 315 price objective on shares of Trustpilot Group in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 375 price objective on shares of Trustpilot Group in a research note on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 351.25.

Trustpilot Group Stock Down 4.2%

The firm has a 50 day simple moving average of GBX 253.94 and a 200-day simple moving average of GBX 253.52. The stock has a market cap of £1.01 billion, a P/E ratio of -3.36 and a beta of 0.51. The company has a quick ratio of 1.71, a current ratio of 0.40 and a debt-to-equity ratio of -45.48.

Insider Buying and Selling at Trustpilot Group

In other news, insider Adrian Blair acquired 17,139 shares of Trustpilot Group stock in a transaction on Friday, October 2nd. The shares were purchased at an average cost of GBX 232 per share, for a total transaction of £39,762.48. Also, insider Zillah Byng-Thorne purchased 17,854 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was acquired at an average price of GBX 223 per share, for a total transaction of £39,814.42. Insiders acquired 207,556 shares of company stock valued at $45,439,241 in the last quarter. Company insiders own 13.76% 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.