eToro Group (NASDAQ:ETOR) Price Target Raised to $55.00

eToro Group (NASDAQ:ETOR) had its price objective upped by Bank of America from $50.00 to $55.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on ETOR. Citigroup dropped their price target on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. UBS Group decreased their price objective on shares of eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday. Mizuho decreased their price target on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Needham & Company LLC lowered their price objective on eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Stock Down 5.0%

Shares of eToro Group stock opened at $39.26 on Tuesday. The stock has a market cap of $3.22 billion and a price-to-earnings ratio of 31.41. eToro Group has a twelve month low of $32.66 and a twelve month high of $79.96. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $40.35.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ETOR. PFG Investments LLC acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $278,000. Hennessy Advisors Inc. acquired a new stake in shares of eToro Group in the second quarter valued at approximately $999,000. Meitav Investment House Ltd. purchased a new position in eToro Group during the second quarter worth approximately $366,000. Guild Investment Management Inc. acquired a new position in eToro Group during the second quarter worth $1,468,000. Finally, IFP Advisors Inc purchased a new stake in eToro Group in the 2nd quarter valued at $67,000.

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.