Deutsche Bank Aktiengesellschaft Upgrades eToro Group (NASDAQ:ETOR) to “Buy”

eToro Group (NASDAQ:ETOR) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat reports. The firm presently has a $45.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 8.88% from the company’s current price.

A number of other equities analysts also recently weighed in on ETOR. Susquehanna dropped their price target on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Citigroup lowered their target price on eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. UBS Group dropped their target price on eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Keefe, Bruyette & Woods cut their price target on eToro Group from $65.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, August 13th. Finally, Zacks Research raised eToro Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Price Performance

Shares of ETOR opened at $41.33 on Tuesday. The firm has a 50-day simple moving average of $40.49. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.39 billion and a P/E ratio of 33.06. eToro Group has a fifty-two week low of $32.66 and a fifty-two week high of $79.96.

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

Hedge Funds Weigh In On eToro Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC bought a new position in shares of eToro Group in the second quarter valued at approximately $278,000. Hennessy Advisors Inc. bought a new stake in shares of eToro Group during the 2nd quarter worth $999,000. Meitav Investment House Ltd. acquired a new position in eToro Group in the 2nd quarter valued at $366,000. Guild Investment Management Inc. bought a new position in eToro Group in the 2nd quarter worth $1,468,000. Finally, IFP Advisors Inc acquired a new position in eToro Group during the 2nd quarter worth $67,000.

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.