Trustpilot Group (LON:TRST) Sets New 52-Week High – Here’s What Happened

Trustpilot Group plc (LON:TRST) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 292 ($3.67) and last traded at GBX 290.61 ($3.65), with a volume of 1035830 shares traded. The stock had previously closed at GBX 290 ($3.65).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on shares of Trustpilot Group from GBX 260 ($3.27) to GBX 270 ($3.39) and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Trustpilot Group Stock Performance

The company’s 50 day moving average is GBX 244.88 and its 200-day moving average is GBX 223.21. The company has a market capitalization of £1.19 billion, a P/E ratio of 9,633.33 and a beta of 1.02. The company has a current ratio of 1.32, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Insider Activity at Trustpilot Group

In related news, insider Hanno Damm sold 214,856 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 215 ($2.70), for a total transaction of £461,940.40 ($580,691.89). Also, insider Zillah Byng-Thorne acquired 39,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of GBX 252 ($3.17) per share, for a total transaction of £98,784 ($124,178.50). 8.24% of the stock is currently owned by insiders.

Trustpilot Group Company Profile

Trustpilot Group plc engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions, and businesses to showcase their trustscore and improve their services.