eToro Group (NASDAQ:ETOR) Stock Rating Upgraded by KeyCorp

eToro Group (NASDAQ:ETORGet Free Report) was upgraded by stock analysts at KeyCorp to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts have also commented on the stock. Mizuho cut their price objective on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings cut eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen downgraded eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Keefe, Bruyette & Woods decreased their price objective on eToro Group from $45.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, August 12th. Finally, Needham & Company LLC lowered their price objective on eToro Group from $66.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average price target of $49.88.

Read Our Latest Stock Report on ETOR

eToro Group Stock Performance

Shares of NASDAQ ETOR opened at $31.81 on Monday. eToro Group has a 12 month low of $24.74 and a 12 month high of $47.70. 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 $2.64 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.86 and a beta of 1.65. The business’s 50 day moving average is $35.34 and its two-hundred day moving average is $35.05.

eToro Group (NASDAQ:ETORGet Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business had revenue of $1.59 billion for the quarter. During the same period last year, the firm posted $0.56 EPS. The company’s revenue was down 23.9% compared to the same quarter last year. On average, equities analysts expect that eToro Group will post 2.65 EPS for the current year.

Insider Activity

In related news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction 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 trade represents a 33.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of eToro Group

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of eToro Group by 2.2% during the first quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock worth $460,000 after acquiring an additional 331 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares during the last quarter. Royal Bank of Canada increased its position in eToro Group by 6.0% in the first quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock worth $354,000 after purchasing an additional 668 shares during the period. Public Employees Retirement System of Ohio raised its holdings in eToro Group by 23.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock worth $130,000 after purchasing an additional 700 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in eToro Group during the 4th quarter worth about $25,000.

eToro Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for eToro Group (NASDAQ:ETOR)

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