Trustpilot Group (LON:TRST) Trading Down 2% - Here's What Happened

Key Points

• Trustpilot Group's stock price dropped by 2% during mid-day trading, reaching GBX 206 ($2.78) after trading as low as GBX 205.80, with a significant decline in trading volume.
• The company received mixed analyst ratings, with a consensus rating of "Hold", one analyst assigning a "Buy" rating with a target price of GBX 420, while another set a "Sell" rating with a target price of GBX 200.
• Insider Peter Holten Mühlmann sold 350,000 shares at an average price of GBX 230, indicating potential concerns about the company's stock outlook among internal stakeholders.

Trustpilot Group plc (LON:TRST - Get Free Report) shares dropped 2% on Friday . The stock traded as low as GBX 205.80 ($2.76) and last traded at GBX 206 ($2.76). Approximately 518,580 shares changed hands during trading, a decline of 82% from the average daily volume of 2,867,283 shares. The stock had previously closed at GBX 210.20 ($2.82).

Analysts Set New Price Targets

TRST has been the subject of several recent research reports. Panmure Gordon initiated coverage on shares of Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 target price for the company. Berenberg Bank reiterated a "buy" rating and set a GBX 420 target price on shares of Trustpilot Group in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 310.

Trustpilot Group Stock Performance

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The stock has a market cap of £794.82 million, a price-to-earnings ratio of 13,850.00 and a beta of 1.02. The stock's 50-day moving average is GBX 237.44 and its 200 day moving average is GBX 241.43.

Insider Buying and Selling

In related news, insider Peter Holten Mühlmann sold 250,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total value of £575,000. 17.52% of the stock is currently owned by 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.