5,032 Shares in eToro Group Ltd. $ETOR Bought by Greenland Capital Management LP

Greenland Capital Management LP purchased a new position in eToro Group Ltd. (NASDAQ:ETOR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,032 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of eToro Group in the 2nd quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. bought a new position in eToro Group in the second quarter worth approximately $128,000. Phoenix Financial Ltd. acquired a new stake in eToro Group in the second quarter valued at approximately $248,000. Finally, PFG Investments LLC bought a new stake in shares of eToro Group during the second quarter valued at approximately $278,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETOR. Compass Point began coverage on eToro Group in a report on Monday, October 13th. They issued a “buy” rating and a $66.00 target price on the stock. Mizuho reduced their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Zacks Research upgraded shares of eToro Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Needham & Company LLC cut their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Keefe, Bruyette & Woods dropped their target price on eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.18.

eToro Group Stock Down 2.3%

Shares of NASDAQ ETOR opened at $38.31 on Thursday. The stock has a market cap of $3.14 billion and a P/E ratio of 30.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. The business has a 50 day simple moving average of $39.88. eToro Group Ltd. has a twelve month low of $32.66 and a twelve month high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.