Atria Wealth Solutions Inc. Makes New Investment in eToro Group Ltd. $ETOR

Atria Wealth Solutions Inc. acquired a new position in eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 4,601 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guild Investment Management Inc. bought a new position in eToro Group in the second quarter valued at approximately $1,468,000. Hennessy Advisors Inc. bought a new position in eToro Group in the 2nd quarter valued at approximately $999,000. Meitav Investment House Ltd. bought a new position in eToro Group in the 2nd quarter valued at approximately $366,000. PFG Investments LLC bought a new position in shares of eToro Group during the second quarter valued at $278,000. Finally, IFP Advisors Inc bought a new stake in shares of eToro Group in the 2nd quarter valued at about $67,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETOR. Needham & Company LLC reduced their price target 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 lowered their target price on shares of eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Mizuho lowered their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of eToro Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.76.

eToro Group Price Performance

NASDAQ:ETOR opened at $39.68 on Wednesday. eToro Group Ltd. has a one year low of $37.25 and a one year high of $79.96. The stock’s 50-day simple moving average is $43.14. 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 (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $209.63 million for the quarter, compared to analysts’ expectations of $194.60 million. The business’s revenue was up 13.3% compared to the same quarter last year.

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.