eToro Group (NASDAQ:ETOR) Price Target Cut to $65.00 by Analysts at Mizuho

eToro Group (NASDAQ:ETOR) had its target price reduced by Mizuho from $80.00 to $65.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. Mizuho currently has an outperform rating on the stock.

Several other research analysts have also commented on the company. Needham & Company LLC cut their price objective on eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. UBS Group cut their price objective on eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. JMP Securities started coverage on eToro Group in a research report on Monday, June 9th. They issued a “market outperform” rating and a $85.00 price objective on the stock. Citigroup cut their price objective on eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Finally, Citizens Jmp started coverage on eToro Group in a research report on Monday, June 9th. They issued an “outperform” rating and a $85.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.44.

eToro Group Trading Down 1.2%

Shares of eToro Group stock opened at $40.98 on Wednesday. eToro Group has a twelve month low of $39.02 and a twelve month high of $79.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a fifty day moving average price of $47.65.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million during the quarter, compared to analyst estimates of $194.60 million. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.

Institutional Trading of eToro Group

A number of hedge funds and other institutional investors have recently modified their holdings of ETOR. PFG Investments LLC purchased a new stake in shares of eToro Group during the second quarter worth about $278,000. Hennessy Advisors Inc. bought a new stake in eToro Group in the second quarter valued at about $999,000. Meitav Investment House Ltd. bought a new stake in eToro Group in the second quarter valued at about $366,000. Guild Investment Management Inc. bought a new stake in eToro Group in the second quarter valued at about $1,468,000. Finally, IFP Advisors Inc bought a new stake in eToro Group in the second quarter valued at about $67,000.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.