Trustpilot Group (LON:TRST) Trading Up 10.8% - Should You Buy?

Trustpilot Group plc (LON:TRST - Get Free Report)'s share price traded up 10.8% during trading on Tuesday . The stock traded as high as GBX 281.06 ($3.77) and last traded at GBX 279.80 ($3.76). 25,334,559 shares traded hands during mid-day trading, an increase of 651% from the average session volume of 3,372,785 shares. The stock had previously closed at GBX 252.60 ($3.39).

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Berenberg Bank restated a "buy" rating and issued a GBX 420 ($5.64) price objective on shares of Trustpilot Group in a research report on Tuesday. Panmure Gordon assumed coverage on Trustpilot Group in a research report on Monday, June 9th. They issued a "sell" rating and a GBX 200 ($2.69) price objective on the stock.

Trustpilot Group Stock Down 1.1%

The company has a 50-day moving average price of GBX 239.58 and a 200 day moving average price of GBX 261.90. The firm has a market capitalization of £1.39 billion, a PE ratio of 87.63 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71.

Insider Activity

In other news, insider Peter Holten Mühlmann sold 250,000 shares of Trustpilot Group stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230 ($3.09), for a total value of £575,000 ($772,123.00). 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.