Trustpilot Group (LON:TRST) Stock Price Up 0.8% - Should You Buy?

Key Points

• Trustpilot Group's stock increased by 0.8% to GBX 245.68 ($3.30), with trading volume rising 28% compared to its average session.
• Berenberg Bank has a "buy" rating for Trustpilot and set a price target of GBX 420 ($5.65), while Panmure Gordon issued a "sell" rating with a price objective of GBX 200 ($2.69).
• Insider Peter Holten Mühlmann sold 350,000 shares at an average price of GBX 230 ($3.09), totaling £805,000 ($1,082,571.27).

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) were up 0.8% during mid-day trading on Thursday . The stock traded as high as GBX 248 ($3.33) and last traded at GBX 245.68 ($3.30). Approximately 3,861,928 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 3,015,961 shares. The stock had previously closed at GBX 243.80 ($3.27).

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRST shares. Berenberg Bank reissued a "buy" rating and set a GBX 420 ($5.64) target price on shares of Trustpilot Group in a research report on Tuesday, July 15th. 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 ($2.69) price objective on the stock.

Trustpilot Group Trading Down 1.6%

The company has a market cap of £1.18 billion, a PE ratio of 74.63 and a beta of 1.02. The stock's 50 day moving average is GBX 243.22 and its 200-day moving average is GBX 254.96. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Insider Buying and Selling

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 350,000 shares of Trustpilot Group stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of GBX 230 ($3.09), for a total transaction of £805,000 ($1,081,262.59). Company insiders own 8.24% of the company's stock.

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.