Etoro Group (NASDAQ:ETOR) Shares Down 5.2% – What’s Next?

Etoro Group Ltd. (NASDAQ:ETOR)’s share price traded down 5.2% during trading on Tuesday . The company traded as low as $71.54 and last traded at $72.02. 1,186,116 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,615,522 shares. The stock had previously closed at $75.97.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ETOR. The Goldman Sachs Group assumed coverage on Etoro Group in a report on Monday. They set a “buy” rating and a $76.00 price target on the stock. Citizens Jmp began coverage on shares of Etoro Group in a research report on Monday. They set an “outperform” rating and a $85.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Etoro Group in a report on Monday. They issued a “hold” rating and a $70.00 target price for the company. Wall Street Zen upgraded shares of Etoro Group to a “hold” rating in a report on Tuesday, May 27th. Finally, Redburn Atlantic initiated coverage on shares of Etoro Group in a research report on Monday. They issued a “neutral” rating and a $68.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

Etoro Group Price Performance

Etoro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share (EPS) 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.