eToro Group (NASDAQ:ETOR – Get Free Report) had its target price decreased by equities research analysts at Needham & Company LLC from $55.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 121.31% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Citizens Jmp cut their price target on eToro Group from $90.00 to $75.00 and set a “market outperform” rating for the company in a research note on Friday, October 9th. Weiss Ratings cut eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods lowered their price target on eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, August 12th. KeyCorp dropped their price objective on eToro Group from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, Zacks Research lowered shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.33.
View Our Latest Report on ETOR
eToro Group Trading Up 1.2%
NASDAQ ETOR opened at $24.40 on Wednesday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. eToro Group has a 1-year low of $23.99 and a 1-year high of $44.21. The firm’s fifty day simple moving average is $28.17 and its 200-day simple moving average is $34.31. The company has a market capitalization of $2.02 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.79.
eToro Group (NASDAQ:ETOR – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a return on equity of 20.26% and a net margin of 2.17%. The firm had revenue of $1.59 billion during the quarter. During the same period in the previous year, the business posted $0.56 EPS. eToro Group’s revenue for the quarter was down 23.9% on a year-over-year basis. As a group, sell-side analysts anticipate that eToro Group will post 2.48 earnings per share for the current fiscal year.
Insider Transactions at eToro Group
In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the transaction, the director directly owned 196,779 shares of the company’s stock, valued at $6,139,504.80. This represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Hedge Funds Weigh In On eToro Group
Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of eToro Group by 109.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock worth $28,000 after acquiring an additional 578 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of eToro Group by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock valued at $26,302,000 after acquiring an additional 12,441 shares during the last quarter. Whetstone Capital Advisors LLC raised its stake in shares of eToro Group by 36.8% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 190,284 shares of the company’s stock valued at $7,511,000 after acquiring an additional 51,197 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of eToro Group in the 2nd quarter valued at approximately $22,134,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in eToro Group in the 2nd quarter worth approximately $939,000.
About eToro Group
eToro Group Ltd. (NASDAQ: ETOR) operates a global, multi-asset investment and trading platform. Its services enable users to invest in stocks, exchange-traded funds, cryptocurrencies and other instruments, with product availability varying by jurisdiction and local regulations. In certain markets, eToro also offers contracts for difference and other leveraged products.
The company is known for combining online brokerage services with social-investing features. Users can view and discuss investment activity, follow other investors and use CopyTrader to automatically replicate the strategies of selected investors.
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