Trustpilot Group (LON:TRST) Trading Up 14.8% - Here's What Happened

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) traded up 14.8% on Tuesday . The stock traded as high as GBX 320.50 ($4.16) and last traded at GBX 317.50 ($4.12). 22,532,924 shares were traded during mid-day trading, an increase of 442% from the average session volume of 4,156,732 shares. The stock had previously closed at GBX 276.50 ($3.59).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 420 ($5.45) price objective on shares of Trustpilot Group in a research note on Wednesday.

Trustpilot Group Trading Down 4.8 %

The stock's 50 day simple moving average is GBX 312.71 and its two-hundred day simple moving average is GBX 278.18. The stock has a market capitalization of £1.21 billion, a PE ratio of 76.41 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 at Trustpilot Group

In other news, insider Hanno Damm sold 39,902 shares of Trustpilot Group stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 303 ($3.93), for a total value of £120,903.06 ($156,772.64). 8.24% of the stock is owned by company insiders.

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.