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

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the sale, the director directly owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

eToro Group Stock Performance

ETOR opened at $40.59 on Monday. The firm has a market cap of $3.36 billion and a PE ratio of 16.98. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $33.73 and a 200-day simple moving average of $34.29. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s revenue was down 35.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, equities analysts predict that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ETOR has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 target price on shares of eToro Group in a research report on Monday, February 23rd. Jefferies Financial Group raised their target price on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. The Goldman Sachs Group decreased their target price on eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. TD Cowen raised their target price on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised their target price on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Institutional Trading of eToro Group

A number of institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in eToro Group by 7.1% during the third quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock valued at $341,000 after purchasing an additional 550 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position 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 valued at $74,000 after purchasing an additional 555 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in eToro Group by 23.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock valued at $130,000 after purchasing an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group during the fourth quarter valued at $25,000. Finally, Blue Trust Inc. acquired a new stake in eToro Group during the fourth quarter valued at $42,000.

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.