eToro Group (NASDAQ:ETOR) Director Shalev Eddy Sells 100,000 Shares

eToro Group Ltd. (NASDAQ:ETOR – Get Free Report) Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were 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 $6,139,504.80. This represents a 33.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

eToro Group Stock Performance

NASDAQ:ETOR opened at $31.98 on Tuesday. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $47.70. The company has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $35.02. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 0.82 and a beta of 1.68.

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eToro Group (NASDAQ:ETOR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The business 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%.The firm’s revenue was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that eToro Group Ltd. will post 2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ETOR. The Goldman Sachs Group reduced their price target on eToro Group from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 25th. TD Cowen cut their target price on shares of eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Susquehanna cut their target price on shares of eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, August 13th. Needham & Company LLC reduced their target price on shares of eToro Group from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average target price of $50.20.

Read Our Latest Research Report on eToro Group

Institutional Trading of eToro Group

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in shares of eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after acquiring an additional 727 shares in the last quarter. State of Wyoming raised its position in shares of eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after acquiring an additional 1,242 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in eToro Group during the third quarter worth approximately $124,000.

About eToro Group

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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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