Meitav Investment House Ltd. Makes New $366,000 Investment in eToro Group Ltd. $ETOR

Meitav Investment House Ltd. purchased a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the second quarter, Holdings Channel.com reports. The fund purchased 5,500 shares of the company’s stock, valued at approximately $366,000.

Separately, Hennessy Advisors Inc. purchased a new stake in eToro Group during the second quarter valued at about $999,000.

Wall Street Analyst Weigh In

ETOR has been the subject of several recent research reports. Citigroup reduced their target price on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. UBS Group reduced their price objective on shares of eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Susquehanna dropped their target price on eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. The Goldman Sachs Group cut their price target on eToro Group from $69.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Finally, Needham & Company LLC decreased their price objective on eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.44.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $40.52 on Wednesday. The firm has a fifty day moving average price of $46.80. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. eToro Group Ltd. has a one year low of $39.02 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $209.63 million during the quarter, compared to analysts’ expectations of $194.60 million. The company’s revenue was up 13.3% compared to the same quarter last year.

About eToro Group

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.