eToro Group Ltd. (NASDAQ:ETOR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.5882.

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. The Goldman Sachs Group lowered their price target on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Bank of America raised their price objective on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Compass Point initiated coverage on shares of eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 price objective for the company. Finally, Mizuho lowered their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st.

eToro Group Stock Down 0.4%

ETOR opened at $35.54 on Friday. eToro Group has a 12 month low of $32.66 and a 12 month high of $79.96. The company has a market cap of $2.91 billion and a PE ratio of 19.21. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $38.40 and a 200 day moving average of $46.56.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The business had revenue of $214.60 million for the quarter.

Hedge Funds Weigh In On eToro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in eToro Group by 7.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock worth $341,000 after acquiring an additional 550 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares in the last quarter. IFP Advisors Inc bought a new position in shares of eToro Group in the second quarter worth approximately $67,000. Jones Financial Companies Lllp raised its stake in eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in eToro Group by 88.7% during the third quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock valued at $149,000 after purchasing an additional 1,701 shares during the last quarter.

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.