Trustpilot Group (LON:TRST) Stock Price Down 6.5% – Should You Sell?

Trustpilot Group plc (LON:TRST)’s stock price was down 6.5% during trading on Friday . The stock traded as low as GBX 205.60 and last traded at GBX 205.60. Approximately 1,547,272 shares changed hands during trading, a decline of 92% from the average daily volume of 19,490,109 shares. The stock had previously closed at GBX 220.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRST shares. Royal Bank Of Canada boosted their price objective 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. Berenberg Bank boosted their price objective on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trustpilot Group has a consensus rating of “Moderate Buy” and an average price target of GBX 319.

Trustpilot Group Price Performance

The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71. The firm’s 50 day moving average is GBX 174 and its 200 day moving average is GBX 185.23. The firm has a market cap of £874.09 million, a P/E ratio of 125.53 and a beta of 0.35.

Insiders Place Their Bets

In other Trustpilot Group news, insider Mohammed Anjarwala sold 21,593,420 shares of Trustpilot Group stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 214, for a total value of £46,209,918.80. Also, 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. Over the last ninety days, insiders sold 22,205,420 shares of company stock valued at $4,760,293,880. Insiders own 18.55% 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.