Shares of eToro Group Ltd. (NASDAQ:ETOR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $49.8750.
Several equities analysts have recently issued reports on the company. UBS Group cut their price target on eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Zacks Research cut eToro Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. TD Cowen cut their target price on shares of eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Canaccord Genuity Group reduced their target price on shares of eToro Group from $65.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, Citizens Jmp lifted their price target on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th.
Check Out Our Latest Analysis on eToro Group
Insider Buying and Selling
Institutional Trading of eToro Group
A number of institutional investors and hedge funds have recently modified their holdings of ETOR. Harel Insurance Investments & Financial Services Ltd. boosted its stake in eToro Group by 61.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock worth $59,716,000 after acquiring an additional 760,654 shares during the last quarter. California State Teachers Retirement System increased its stake in eToro Group by 12,484.5% in the second quarter. California State Teachers Retirement System now owns 1,929,333 shares of the company’s stock valued at $76,151,000 after purchasing an additional 1,914,002 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in eToro Group by 67.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after purchasing an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in eToro Group by 47.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after purchasing an additional 401,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of eToro Group by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after purchasing an additional 110,998 shares in the last quarter.
eToro Group Stock Performance
ETOR stock opened at $32.47 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. The company has a 50 day moving average price of $34.97 and a 200 day moving average price of $35.16. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $47.25. The stock has a market capitalization of $2.69 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64.
eToro Group (NASDAQ:ETOR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The firm’s quarterly revenue was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. Analysts forecast that eToro Group will post 2.56 EPS for the current year.
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.
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