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

Shares of eToro Group Ltd. (NASDAQ:ETOR) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $54.5625.

ETOR has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. Mizuho lowered their price target on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Citizens Jmp lowered their price target on shares of eToro Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. TD Cowen lowered their price target on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group lowered their price target on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, March 26th.

Institutional Trading of eToro Group

A number of institutional investors have recently bought and sold shares of ETOR. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in eToro Group during the 4th quarter worth $43,136,000. Invesco Ltd. grew its holdings in eToro Group by 14,120.4% during the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after acquiring an additional 967,392 shares during the period. T. Rowe Price Investment Management Inc. grew 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 acquiring an additional 683,008 shares during the period. Balyasny Asset Management L.P. acquired a new stake in eToro Group during the 2nd quarter worth $43,397,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in eToro Group during the 2nd quarter worth $33,812,000.

eToro Group Stock Performance

NASDAQ:ETOR opened at $38.61 on Thursday. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96. The firm has a 50 day moving average of $32.62 and a 200-day moving average of $34.26. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.20 billion and a P/E ratio of 17.39.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $3.87 billion during the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. As a group, sell-side analysts anticipate that eToro Group will post 2.55 EPS for the current fiscal year.

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.