eToro Group Ltd. (NASDAQ:ETOR – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $34.00, but opened at $30.79. eToro Group shares last traded at $31.2140, with a volume of 463,176 shares traded.
Trending Headlines about eToro Group
Here are the key news stories impacting eToro Group this week:
- Positive Sentiment: eToro reported adjusted earnings of $0.68 per share, exceeding the approximately $0.61 consensus estimate. Revenue also surpassed expectations, while management highlighted record assets under administration and plans to expand in the U.S. Reuters earnings and TradeZero article
- Positive Sentiment: Several analysts still see substantial upside: Mizuho kept an outperform rating with a $52 target, while Cantor Fitzgerald maintained overweight at $53 and Needham retained a buy rating at $53. Other analysts have also raised their forecasts following the strong quarterly results. Analysts increase forecasts article
- Neutral Sentiment: eToro agreed to acquire U.S.-focused online brokerage TradeZero for up to $231 million in cash and stock. The deal could accelerate U.S. growth and broaden eToro’s trading capabilities, but its financial benefits and integration execution remain uncertain. TradeZero acquisition article
- Negative Sentiment: The earnings beat was overshadowed by the TradeZero announcement, with reports indicating that shares fell sharply as investors questioned the acquisition’s cost, potential dilution and execution risks. eToro earnings and TradeZero reaction
- Negative Sentiment: Goldman Sachs lowered its price target from $42 to $36 and moved to neutral; UBS cut its target from $50 to $35 with a neutral rating; and Keefe, Bruyette & Woods reduced its target from $45 to $35 with a market-perform rating. Cantor Fitzgerald and Needham also reduced their targets, citing lower EBITDA estimates. Analyst price target revisions
- Negative Sentiment: Although quarterly EPS improved year over year, reported revenue was down approximately 23.9% from the prior-year period, reinforcing concerns about growth momentum and valuation.
Analyst Ratings Changes
A number of analysts have issued reports on ETOR shares. Cantor Fitzgerald reduced their price target on shares of eToro Group from $61.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Susquehanna raised their price objective on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Citizens Jmp lifted their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $65.00 target price on shares of eToro Group in a research report on Tuesday, June 9th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.80.
eToro Group Stock Performance
The business’s fifty day moving average is $37.77 and its two-hundred day moving average is $34.93. The stock has a market capitalization of $2.36 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.63 and a beta of 1.68. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a net margin of 2.17% and a return on equity of 20.19%. The company had revenue of $1.59 billion for the quarter. During the same period in the previous year, the company earned $0.56 EPS. eToro Group’s revenue for the quarter was down 23.9% compared to the same quarter last year. As a group, research analysts anticipate that eToro Group Ltd. will post 2.81 EPS for the current fiscal year.
Insider Buying and Selling at eToro Group
In other news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the sale, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This represents a 72.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Institutional Investors Weigh In On eToro Group
Several institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in eToro Group during the 4th quarter valued at $43,136,000. Sei Investments Co. purchased a new position in eToro Group during the first quarter worth $2,579,000. Ibex Investors LLC boosted its stake in eToro Group by 1,016.9% during the fourth quarter. Ibex Investors LLC now owns 450,000 shares of the company’s stock worth $15,808,000 after buying an additional 409,711 shares during the period. Saba Capital Management L.P. increased its position in eToro Group by 156.2% during the first quarter. Saba Capital Management L.P. now owns 203,291 shares of the company’s stock valued at $6,105,000 after acquiring an additional 123,952 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of eToro Group by 51.9% in the first quarter. Renaissance Technologies LLC now owns 292,950 shares of the company’s stock valued at $8,797,000 after acquiring an additional 100,100 shares during the period.
eToro Group Company Profile
eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.
A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.
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