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

Trustpilot Group plc (LON:TRST)’s share price fell 12.7% during trading on Tuesday . The stock traded as low as GBX 205 and last traded at GBX 205.80. 11,003,530 shares traded hands during trading, a decline of 51% from the average session volume of 22,288,791 shares. The stock had previously closed at GBX 235.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Trustpilot Group from GBX 354 to GBX 375 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Berenberg Bank upped their price objective on Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a report on Wednesday, March 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 290 target price on shares of Trustpilot Group in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 316.

Trustpilot Group Trading Down 11.2%

The company’s fifty day simple moving average is GBX 175.96 and its two-hundred day simple moving average is 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. The company has a market capitalization of £819.03 million, a price-to-earnings ratio of -1.77 and a beta of 0.73.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 359,000 shares of Trustpilot Group stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 239, for a total transaction of £858,010. Also, insider Hanno Damm sold 200,000 shares of Trustpilot Group stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total value of £420,000. In the last 90 days, insiders sold 612,000 shares of company stock valued at $139,302,000. 18.55% of the stock is owned by corporate 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.