eToro Group Ltd. (NASDAQ:ETOR) Receives $49.88 Average Price Target from Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $49.8750.

Several analysts have issued reports on the company. Wall Street Zen cut eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Citizens Jmp lifted their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th. Needham & Company LLC lowered their price target on eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Zacks Research lowered eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, KeyCorp assumed coverage on eToro Group in a research report on Tuesday. They set an “overweight” rating and a $45.00 price target on the stock.

Insiders Place Their Bets

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the sale, the director directly owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. This represents a 33.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after acquiring an additional 727 shares during the period. State of Wyoming grew its holdings in shares of eToro Group by 180.0% during the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of eToro Group by 45.1% during the 3rd 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 during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of eToro Group during the 3rd quarter worth approximately $124,000.

eToro Group Price Performance

ETOR opened at $32.47 on Wednesday. The company has a 50-day moving average of $34.97 and a 200-day moving average of $35.11. The company has a market capitalization of $2.69 billion, a P/E ratio of 12.21, a PEG ratio of 0.83 and a beta of 1.64. eToro Group has a 1-year low of $24.74 and a 1-year high of $47.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $1.59 billion for the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Equities analysts expect that eToro Group will post 2.56 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.