eToro Group (NASDAQ:ETOR – Free Report) had its price target decreased by Canaccord Genuity Group from $53.00 to $47.00 in a research report sent to investors on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other analysts have also recently commented on the company. Wall Street Zen cut eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Needham & Company LLC lowered their target price on eToro Group from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating on shares of eToro Group in a research report on Monday, September 21st. UBS Group dropped their target price on eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Finally, Susquehanna cut their price target on eToro Group from $51.00 to $46.00 and set a “positive” rating for the company in a research note on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, eToro Group currently has a consensus rating of “Moderate Buy” and an average target price of $46.33.
Read Our Latest Report on ETOR
eToro Group Trading Down 0.3%
NASDAQ:ETOR opened at $24.32 on Monday. 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 12 month low of $23.99 and a 12 month high of $44.21. The company has a market cap of $2.01 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.79. The company has a 50 day simple moving average of $28.09 and a two-hundred day simple moving average of $34.27.
eToro Group (NASDAQ:ETOR – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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%. eToro Group’s quarterly revenue was down 23.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Research analysts forecast that eToro Group will post 2.48 earnings per share for the current year.
Insiders Place Their Bets
In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the sale, the director owned 196,779 shares in the company, valued at approximately $6,139,504.80. This represents a 33.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Institutional Investors Weigh In On eToro Group
A number of institutional investors and hedge funds have recently bought and sold shares of ETOR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in 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. Nisa Investment Advisors LLC grew its holdings in eToro Group by 109.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock valued at $28,000 after buying an additional 578 shares in the last quarter. State of Wyoming grew its holdings in eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after buying an additional 1,242 shares in the last quarter. Finally, CI Investments Inc. purchased a new position in eToro Group during the 1st quarter valued at approximately $227,000.
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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