Hennessy Advisors Inc. Takes $999,000 Position in eToro Group Ltd. $ETOR

Hennessy Advisors Inc. bought a new stake in eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,000 shares of the company’s stock, valued at approximately $999,000.

Separately, PFG Investments LLC purchased a new stake in eToro Group during the second quarter worth about $278,000.

eToro Group Price Performance

NASDAQ:ETOR opened at $40.98 on Friday. The firm has a 50 day moving average price of $47.65. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. eToro Group Ltd. has a 1-year low of $39.02 and a 1-year high of $79.96.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on ETOR shares. Zacks Research raised shares of eToro Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. TD Cowen started coverage on shares of eToro Group in a report on Monday, June 9th. They set a “buy” rating and a $80.00 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Mizuho decreased their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, JMP Securities started coverage on shares of eToro Group in a report on Monday, June 9th. They set a “market 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.44.

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.