eToro Group Ltd.’s Quiet Period To Expire on June 23rd (NASDAQ:ETOR)

eToro Group’s (NASDAQ:ETOR) quiet period will expire on Monday, June 23rd. eToro Group had issued 11,923,018 shares in its IPO on May 14th. The total size of the offering was $619,996,936 based on an initial share price of $52.00. During eToro Group’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

ETOR has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on eToro Group in a research note on Monday, June 9th. They issued a “buy” rating and a $76.00 target price for the company. JMP Securities initiated coverage on eToro Group in a research note on Monday, June 9th. They issued a “market outperform” rating and a $85.00 target price for the company. Bank of America initiated coverage on eToro Group in a research note on Monday, June 9th. They issued a “neutral” rating and a $71.00 target price for the company. Cantor Fitzgerald initiated coverage on eToro Group in a research note on Monday, June 9th. They issued an “overweight” rating and a $84.00 target price for the company. Finally, Wall Street Zen raised eToro Group to a “hold” rating in a research note on Tuesday, May 27th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.88.

eToro Group Price Performance

Shares of eToro Group stock opened at $63.41 on Friday. eToro Group has a one year low of $57.50 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last released its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $3.76 billion 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.