Trustpilot Group (LON:TRST) Trading Up 14.8% - Time to Buy?

Shares of Trustpilot Group plc (LON:TRST - Get Free Report) traded up 14.8% during trading on Tuesday . The company traded as high as GBX 320.50 ($4.16) and last traded at GBX 317.50 ($4.12). 22,532,924 shares traded hands 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).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 ($5.45) target price on shares of Trustpilot Group in a report on Wednesday.

Trustpilot Group Stock Performance

The firm has a market capitalization of £1.21 billion, a PE ratio of 76.41 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company has a 50-day moving average of GBX 312.71 and a 200 day moving average of GBX 278.18.

Insider Activity

In other Trustpilot Group news, insider Hanno Damm sold 39,902 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 303 ($3.93), for a total transaction of £120,903.06 ($156,772.64). 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.