Federated Hermes Inc. Acquires 30,000 Shares of eToro Group Ltd. $ETOR

Federated Hermes Inc. grew its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the company’s stock after buying an additional 30,000 shares during the period. Federated Hermes Inc.’s holdings in eToro Group were worth $8,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. bought a new position in eToro Group during the second quarter worth about $82,000. Caitong International Asset Management Co. Ltd bought a new stake in eToro Group during the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. bought a new position in shares of eToro Group in the second quarter worth approximately $128,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of eToro Group in the 2nd quarter worth about $160,000.

eToro Group Stock Performance

Shares of ETOR opened at $29.40 on Monday. The company’s fifty day moving average is $35.82 and its two-hundred day moving average is $41.80. eToro Group Ltd. has a 1 year low of $29.05 and a 1 year high of $79.96. The stock has a market capitalization of $2.41 billion and a P/E ratio of 15.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $214.60 million during the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Analysts Set New Price Targets

Several brokerages have commented on ETOR. Zacks Research lowered shares of eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Needham & Company LLC reduced their target price on eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded 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, November 11th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $78.00 price target on shares of eToro Group in a research report on Tuesday, November 11th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.65.

About eToro Group

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.