Trustpilot Group (LON:TRST) Trading Up 0.8% - Here's What Happened

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).

Trustpilot Group plc (LON:TRST - Get Free Report) shot up 0.8% on Thursday . The company traded as high as GBX 248 ($3.34) and last traded at GBX 245.68 ($3.30). 3,861,928 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 3,015,961 shares. The stock had previously closed at GBX 243.80 ($3.28).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TRST shares. Berenberg Bank restated a "buy" rating and set a GBX 420 ($5.65) price target on shares of Trustpilot Group in a research note on Tuesday, July 15th. Panmure Gordon started coverage on Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 ($2.69) price objective for the company.

Trustpilot Group Stock Down 1.3%

The firm has a market capitalization of £1.26 billion, a price-to-earnings ratio of 79.69 and a beta of 1.02. The firm has a fifty day moving average price of GBX 243.16 and a 200 day moving average price of GBX 257.70. 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 news, insider Peter Holten Mühlmann sold 350,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of GBX 230 ($3.09), for a total transaction of £805,000 ($1,082,571.27). Corporate insiders own 8.24% 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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