eToro Group (NASDAQ:ETOR) Stock Price Target Lowered at Citizens Jmp

eToro Group (NASDAQ:ETOR) had its price objective cut by research analysts at Citizens Jmp from $90.00 to $75.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 196.91% from the company’s current price.

Several other equities analysts have also issued reports on ETOR. UBS Group dropped their target price on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. KeyCorp initiated coverage on eToro Group in a report on Tuesday, September 1st. They set an “overweight” rating and a $45.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of eToro Group in a research report on Monday, September 21st. The Goldman Sachs Group upped their target price on eToro Group from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Finally, Wall Street Zen downgraded eToro Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.62.

eToro Group Price Performance

eToro Group stock opened at $25.26 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.65 and a beta of 1.79. The stock’s 50 day moving average is $29.80 and its 200 day moving average is $34.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. eToro Group has a one year low of $24.74 and a one year high of $44.21.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating 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 company had revenue of $1.59 billion for the quarter. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 23.9% compared to the same quarter last year. As a group, research analysts expect that eToro Group will post 2.53 EPS for the current year.

Insider Buying and Selling at eToro Group

In other 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 transaction, the director owned 196,779 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of eToro Group during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position 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 worth $28,000 after purchasing an additional 727 shares during the period. State of Wyoming lifted its holdings 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 in the last quarter. Clarkston Capital Partners LLC acquired a new stake in eToro Group in the 4th quarter valued at $228,000. Finally, CI Investments Inc. acquired a new stake in eToro Group in the 1st quarter valued at $227,000.

About eToro Group

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.