Trustpilot Group (LON:TRST) Stock Price Up 13.2% - Here's What Happened

Key Points

• Trustpilot Group's stock price increased by 13.2% during mid-day trading, reaching a high of GBX 231.40 ($3.15) from a previous close of GBX 200.60 ($2.73).
• Analysts are divided on the stock, with two firms rating it a Buy and one a Sell, resulting in a consensus rating of "Hold" and an average price target of GBX 340.
• Insider Peter Holten Mühlmann sold 250,000 shares of Trustpilot on June 23rd for a total value of £575,000, with corporate insiders owning 17.61% of the company's stock.

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price shot up 13.2% during mid-day trading on Tuesday . The stock traded as high as GBX 231.40 ($3.15) and last traded at GBX 227.02 ($3.09). 8,698,912 shares were traded during trading, an increase of 178% from the average session volume of 3,128,211 shares. The stock had previously closed at GBX 200.60 ($2.73).

Analyst Ratings Changes

Several research firms have recently commented on TRST. Panmure Gordon started coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They set a "sell" rating and a GBX 200 price target on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 420 price objective on shares of Trustpilot Group in a report on Tuesday, July 15th. Finally, UBS Group reiterated a "buy" rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of GBX 340.

Trustpilot Group Trading Up 15.0%

The stock has a market cap of £939.71 million, a price-to-earnings ratio of 16,471.43 and a beta of 1.02. The company's fifty day moving average is GBX 230.99 and its two-hundred day moving average is GBX 233.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Insiders Place Their Bets

In other news, insider Peter Holten Mühlmann sold 250,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £575,000. Corporate insiders own 17.61% 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.

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