eToro Group (NASDAQ:ETOR) Given New $26.00 Price Target at UBS Group

eToro Group (NASDAQ:ETOR) had its target price lowered by stock analysts at UBS Group from $35.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price target points to a potential upside of 17.07% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Zacks Research downgraded eToro Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 26th. The Goldman Sachs Group upped their target price on eToro Group from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Keefe, Bruyette & Woods dropped their target price on eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, August 12th. Cantor Fitzgerald cut their price target on eToro Group from $48.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Susquehanna reduced their target price on shares of eToro Group from $46.00 to $39.00 and set a “positive” rating on the stock in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.25.

eToro Group Price Performance

eToro Group stock traded down $0.78 during mid-day trading on Thursday, reaching $22.21. The company had a trading volume of 417,756 shares, compared to its average volume of 1,178,592. eToro Group has a fifty-two week low of $21.30 and a fifty-two week high of $44.21. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.84 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.67 and a beta of 1.84. The business has a fifty day simple moving average of $25.99 and a 200 day simple moving average of $32.35.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $1.49 billion for the quarter. eToro Group had a return on equity of 17.19% and a net margin of 2.34%. During the same period in the previous year, the business earned $0.53 EPS. On average, equities research analysts predict that eToro Group will post 2.28 earnings per share for the current year.

Insider Activity at eToro Group

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

Institutional Trading of eToro Group

Several hedge funds have recently modified their holdings of ETOR. Wellington Management Group LLP acquired a new position in shares of eToro Group during the second quarter valued at about $22,134,000. Bank of New York Mellon Corp acquired a new stake in shares of eToro Group in the 1st quarter valued at about $6,048,000. Intrinsic Edge Capital Management LLC bought a new stake in eToro Group in the 1st quarter valued at about $5,706,000. Saba Capital Management L.P. increased its position in eToro Group by 156.2% in the 1st quarter. Saba Capital Management L.P. now owns 203,291 shares of the company’s stock valued at $6,105,000 after buying an additional 123,952 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in eToro Group by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after buying an additional 110,998 shares during the period.

More eToro Group News

Here’s some of the latest news about ETOR:

• Positive Sentiment: eToro’s funded accounts grew 18% year over year to 4.39 million, and management announced a $250 million share repurchase program. These point to customer growth and potential support for the stock. EToro: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Susquehanna cut its target to $39 from $46 but kept a positive rating; Cantor Fitzgerald lowered its target to $37 from $48 and maintained an overweight rating. Other firms also reduced targets while retaining buy ratings, reflecting more cautious expectations but continued optimism about potential upside. Susquehanna Lowers eToro Price Target
• Negative Sentiment: Third-quarter adjusted EPS was $0.26, below analysts’ estimates, while adjusted net income fell sharply year over year. Revenue was $1.49 billion, and reports cited a crypto-market slump as a factor weighing on results. The earnings miss and profit decline have contributed to selling pressure. eToro Group Slides After Q3 Earnings Disappoint on Crypto Slump

About eToro Group

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.