eToro Group Ltd. (NASDAQ:ETOR) Stock Has Consensus Price Target of $49.56 According to Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.56.

A number of equities analysts have issued reports on the company. TD Cowen decreased their price objective on eToro Group from $55.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Needham & Company LLC dropped 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. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Mizuho decreased their price target on shares of eToro Group from $52.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, September 18th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, August 12th.

eToro Group Stock Up 0.3%

Shares of NASDAQ:ETOR opened at $25.78 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.63 and a beta of 1.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. The stock has a 50 day moving average price of $30.93 and a 200-day moving average price of $34.74. eToro Group has a 52-week low of $24.74 and a 52-week high of $44.21.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company 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 company’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, equities research analysts anticipate that eToro Group will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. This trade represents a 33.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of eToro Group

Several hedge funds and other institutional investors have recently made changes to their positions in ETOR. California State Teachers Retirement System boosted its holdings in eToro Group by 2.2% in 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 in the last quarter. Royal Bank of Canada grew its stake in shares of 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 acquiring an additional 668 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after acquiring an additional 727 shares in the last quarter. Finally, State of Wyoming raised its position in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after purchasing an additional 1,242 shares during the last quarter.

eToro Group Company Profile

eToro Group Ltd. is a global trading and investment platform that combines online brokerage services with social investing features. Through its platform, customers can access a range of financial instruments, including stocks, exchange-traded funds, cryptocurrencies and, in certain jurisdictions, contracts for difference and other leveraged products. Product availability varies according to local regulations.

Founded in 2007, eToro developed a community-oriented approach to investing that allows users to view other members’ portfolios and trading activity.