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

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the transaction, the director directly owned 196,779 shares in the company, valued at $6,139,504.80. This trade represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eToro Group Stock Up 2.1%

Shares of NASDAQ ETOR traded up $0.66 on Monday, hitting $31.69. The company had a trading volume of 389,681 shares, compared to its average volume of 1,198,353. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $47.70. The business has a 50 day moving average of $35.56 and a two-hundred day moving average of $34.99. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.63 billion, a P/E ratio of 11.91, a PEG ratio of 0.82 and a beta of 1.68.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The business 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 business’s quarterly revenue was down 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, equities research analysts forecast that eToro Group Ltd. will post 2.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of eToro Group by 61.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock valued at $59,716,000 after purchasing an additional 760,654 shares in the last quarter. California State Teachers Retirement System raised its stake in eToro Group by 12,484.5% during the second quarter. California State Teachers Retirement System now owns 1,929,333 shares of the company’s stock valued at $76,151,000 after buying an additional 1,914,002 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in eToro Group by 67.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after buying an additional 683,008 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of eToro Group by 47.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after acquiring an additional 401,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock valued at $30,552,000 after acquiring an additional 110,998 shares during the last quarter.

Analyst Ratings Changes

ETOR has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday, August 13th. Cantor Fitzgerald dropped their price target on shares of eToro Group from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Canaccord Genuity Group lowered their target price on eToro Group from $65.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Weiss Ratings lowered eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Finally, The Goldman Sachs Group cut their price target on eToro Group from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 25th. Ten equities 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, eToro Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.20.

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.