Trustpilot Group (LON:TRST) Shares Up 14.8% – Here’s What Happened

Shares of Trustpilot Group plc (LON:TRST) shot up 14.8% during mid-day trading on Tuesday . The stock traded as high as GBX 320.50 ($4.17) and last traded at GBX 317.50 ($4.13). 22,532,924 shares changed 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 ($3.60).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 420 ($5.46) price target on shares of Trustpilot Group in a report on Wednesday.

Trustpilot Group Stock Down 2.8 %

The firm has a market capitalization of £1.26 billion, a P/E ratio of 79.89 and a beta of 1.02. The firm’s 50-day moving average is GBX 313.41 and its 200 day moving average is GBX 278.43. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

Insider Activity at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 39,902 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 303 ($3.94), for a total transaction of £120,903.06 ($157,282.50). 8.24% of the stock is currently owned by 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.