Trustpilot Group (LON:TRST) Shares Down 11.7% - Time to Sell?

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price was down 11.7% during mid-day trading on Monday . The stock traded as low as GBX 207.60 ($2.81) and last traded at GBX 208.20 ($2.82). Approximately 5,012,195 shares changed hands during trading, an increase of 40% from the average daily volume of 3,586,376 shares. The stock had previously closed at GBX 235.79 ($3.20).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TRST shares. Panmure Gordon started coverage on Trustpilot Group in a research report on Monday. They set a "sell" rating and a GBX 200 ($2.71) target price for the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 ($5.69) target price on shares of Trustpilot Group in a research report on Friday, May 23rd.

Trustpilot Group Trading Up 2.7%

The firm has a fifty day moving average of GBX 224.50 and a two-hundred day moving average of GBX 272.64. The company has a market cap of £1.23 billion, a PE ratio of 77.77 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Insider Buying and Selling

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 1,881 shares of Trustpilot Group stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of GBX 209 ($2.83), for a total transaction of £3,931.29 ($5,329.12). Also, insider Adrian Blair purchased 40,751 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of GBX 244 ($3.31) per share, with a total value of £99,432.44 ($134,787.10). 8.24% of the stock is currently owned by insiders.

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.