Trustpilot Group (LON:TRST) Sets New 1-Year High – Time to Buy?

Trustpilot Group plc (LON:TRST)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 297.50 ($3.77) and last traded at GBX 297 ($3.76), with a volume of 306875 shares changing hands. The stock had previously closed at GBX 294.50 ($3.73).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on Trustpilot Group from GBX 260 ($3.29) to GBX 270 ($3.42) and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Trustpilot Group Stock Performance

The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.32. The stock has a market cap of £1.23 billion, a PE ratio of 9,766.67 and a beta of 1.02. The firm’s 50-day moving average is GBX 250.18 and its 200 day moving average is GBX 225.39.

Insider Activity

In other news, insider Hanno Damm sold 214,856 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 215 ($2.72), for a total value of £461,940.40 ($584,660.68). Also, insider Zillah Byng-Thorne purchased 39,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 252 ($3.19) per share, with a total value of £98,784 ($125,027.21). Corporate insiders own 8.24% of the company’s stock.

About Trustpilot Group

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.