Trustpilot Group (LON:TRST) Stock Price Down 10.7% - What's Next?

Key Points

• Trustpilot Group shares fell 10.7% in mid-day trading, dropping to as low as GBX 250.60 after closing at GBX 290.80 the previous session. Trading volume was also far below average, with 2.34 million shares changing hands.
• Analysts remain bullish on the stock, with several firms maintaining or raising price targets, including RBC, UBS, Berenberg, and Deutsche Bank. The consensus rating is still Buy, with a consensus target price of GBX 351.25.
• Insider buying provided some support, as insider Mohammed Anjarwala bought 220,000 shares at GBX 261 each in April. Trustpilot now has a market cap of about £1.0 billion and a relatively high P/E ratio of 144.33.

Trustpilot Group plc (LON:TRST - Get Free Report) traded down 10.7% during mid-day trading on Thursday . The company traded as low as GBX 250.60 and last traded at GBX 259.80. 2,336,824 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 12,792,287 shares. The stock had previously closed at GBX 290.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TRST shares. Royal Bank Of Canada raised their price objective on Trustpilot Group from GBX 290 to GBX 305 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. UBS Group reaffirmed a "buy" rating and issued a GBX 410 price objective on shares of Trustpilot Group in a research note on Tuesday, May 5th. Berenberg Bank upped their price objective on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 375 target price on shares of Trustpilot Group in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 351.25.

Trustpilot Group Trading Down 10.7%

The stock has a market cap of £1.00 billion, a PE ratio of 144.33 and a beta of 0.51. The company has a debt-to-equity ratio of -269.41, a quick ratio of 1.71 and a current ratio of 0.57. The stock has a fifty day moving average price of GBX 248.93 and a 200 day moving average price of GBX 212.38.

Insider Buying and Selling

In other news, insider Mohammed Anjarwala acquired 220,000 shares of the company's stock in a transaction on Tuesday, April 21st. The stock was bought at an average cost of GBX 261 per share, with a total value of £574,200. 13.47% of the stock is 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.

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