Brokerages Set eToro Group Ltd. (NASDAQ:ETOR) Price Target at $57.94

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $56.1250.

ETOR has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a report on Monday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. TD Cowen decreased their price target on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Canaccord Genuity Group decreased their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ETOR. Geode Capital Management LLC bought a new stake in eToro Group in the 2nd quarter valued at about $7,816,000. American Century Companies Inc. bought a new stake in shares of eToro Group during the 2nd quarter worth about $6,665,000. Russell Investments Group Ltd. bought a new stake in shares of eToro Group during the 2nd quarter worth about $669,000. Norges Bank bought a new stake in shares of eToro Group during the 2nd quarter worth about $16,315,000. Finally, Invesco Ltd. bought a new stake in shares of eToro Group during the 2nd quarter worth about $15,392,000.

eToro Group Price Performance

Shares of ETOR stock opened at $29.62 on Friday. The firm has a market cap of $2.43 billion and a P/E ratio of 13.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96. The firm has a fifty day moving average of $29.87 and a two-hundred day moving average of $34.89.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The company had revenue of $3.87 billion during the quarter.

About eToro Group

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.