eToro Group (NASDAQ:ETOR) Given New $47.00 Price Target at Citigroup

eToro Group (NASDAQ:ETOR) had its target price lowered by Citigroup from $57.00 to $47.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on ETOR. Susquehanna reduced their price objective on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. The Goldman Sachs Group decreased their price objective on eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Zacks Research upgraded eToro Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Compass Point began coverage on eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 target price for the company. Finally, UBS Group cut their price target on shares of eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.29.

eToro Group Stock Up 9.3%

Shares of ETOR opened at $41.24 on Tuesday. The firm’s fifty day moving average price is $40.60. The firm has a market capitalization of $3.38 billion and a price-to-earnings ratio of 32.99. eToro Group has a 12-month low of $32.66 and a 12-month high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $214.60 million for the quarter.

Institutional Trading of eToro Group

A number of institutional investors have recently made changes to their positions in ETOR. PFG Investments LLC bought a new stake in eToro Group during the second quarter worth about $278,000. Hennessy Advisors Inc. acquired a new stake in shares of eToro Group during the 2nd quarter worth about $999,000. Meitav Investment House Ltd. bought a new stake in shares of eToro Group during the second quarter worth approximately $366,000. Guild Investment Management Inc. bought a new position in eToro Group during the 2nd quarter worth $1,468,000. Finally, IFP Advisors Inc bought a new position in eToro Group during the second quarter worth about $67,000.

About eToro Group

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