eToro Group Ltd. (NASDAQ:ETOR – Get Free Report) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $55.80.
Several research firms have issued reports on ETOR. Canaccord Genuity Group restated a “buy” rating and set a $65.00 price target on shares of eToro Group in a report on Tuesday, June 9th. The Goldman Sachs Group upped their price objective on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of eToro Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Keefe, Bruyette & Woods boosted their target price on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC increased their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th.
Get Our Latest Stock Analysis on ETOR
eToro Group Price Performance
eToro Group (NASDAQ:ETOR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion during the quarter. During the same quarter in the previous year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down 35.0% on a year-over-year basis. As a group, equities analysts expect that eToro Group will post 2.79 EPS for the current year.
Insider Buying and Selling
In other eToro Group news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the sale, the director directly owned 296,779 shares in the company, valued at approximately $12,245,101.54. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This trade represents a 72.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hedge Funds Weigh In On eToro Group
A number of institutional investors and hedge funds have recently made changes to their positions in ETOR. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after buying an additional 727 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of eToro Group during the fourth quarter worth about $42,000. Newbridge Financial Services Group Inc. raised its holdings in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 555 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after acquiring an additional 1,242 shares during the last quarter.
About eToro Group
eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
Featured Articles
- Five stocks we like better than eToro Group
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for eToro Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eToro Group and related companies with MarketBeat.com's FREE daily email newsletter.
