eToro Group (NASDAQ:ETOR) Price Target Raised to $52.00 at TD Cowen

eToro Group (NASDAQ:ETORGet Free Report) had its price objective hoisted by TD Cowen from $44.00 to $52.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 27.22% from the stock’s current price.

ETOR has been the topic of several other reports. Mizuho lowered their target price on eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Citizens Jmp lifted their target price on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday. Needham & Company LLC lifted their target price on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America reiterated a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group lowered their target price on eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Check Out Our Latest Analysis on ETOR

eToro Group Stock Performance

Shares of ETOR traded down $0.42 during trading hours on Thursday, hitting $40.87. The stock had a trading volume of 455,873 shares, compared to its average volume of 1,354,680. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. eToro Group has a 12 month low of $24.74 and a 12 month high of $79.96. The firm has a market capitalization of $3.39 billion and a PE ratio of 17.07. The stock has a fifty day moving average price of $33.37 and a 200 day moving average price of $34.27.

eToro Group (NASDAQ:ETORGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. The company had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.84% and a net margin of 1.90%.eToro Group’s revenue for the quarter was down 35.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Analysts anticipate that eToro Group will post 2.55 EPS for the current year.

Hedge Funds Weigh In On eToro Group

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group in the fourth quarter worth $25,000. Blue Trust Inc. bought a new position in shares of eToro Group during the fourth quarter worth $42,000. Newbridge Financial Services Group Inc. boosted its position in shares of eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 555 shares during the last quarter. State of Wyoming boosted its position 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 worth $58,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after acquiring an additional 1,631 shares during the last quarter.

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About eToro Group

(Get Free Report)

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.

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Analyst Recommendations for eToro Group (NASDAQ:ETOR)

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