eToro Group Ltd. (NASDAQ:ETOR) Receives $73.19 Average Price Target from Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has been given an average recommendation of “Hold” by the seventeen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $73.1875.

Several equities analysts recently issued reports on the company. Needham & Company LLC reduced their price target on eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Jefferies Financial Group started coverage on eToro Group in a research note on Monday, June 9th. They set a “buy” rating and a $80.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of eToro Group from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of eToro Group in a report on Monday, June 9th. They set a “hold” rating and a $70.00 price target for the company. Finally, Citigroup cut their price target on shares of eToro Group from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th.

eToro Group Trading Down 1.9%

Shares of eToro Group stock opened at $44.52 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. eToro Group has a 1 year low of $43.50 and a 1 year high of $79.96. The company’s 50 day moving average is $57.12.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million for the quarter, compared to analysts’ expectations of $194.60 million. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ETOR. IFP Advisors Inc purchased a new position in shares of eToro Group in the 2nd quarter valued at approximately $67,000. Newbridge Financial Services Group Inc. purchased a new stake in eToro Group in the second quarter worth $82,000. Caitong International Asset Management Co. Ltd bought a new position in eToro Group in the second quarter worth $120,000. SBI Securities Co. Ltd. purchased a new position in eToro Group during the second quarter valued at $128,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of eToro Group during the 2nd quarter valued at $160,000.

About eToro Group

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