15,000 Shares in eToro Group Ltd. $ETOR Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. purchased a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $999,000.

Separately, PFG Investments LLC purchased a new stake in eToro Group during the second quarter worth approximately $278,000.

Analyst Ratings Changes

Several research firms have issued reports on ETOR. Susquehanna decreased their price objective on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Bank of America began coverage on shares of eToro Group in a research note on Monday, June 9th. They set a “neutral” rating and a $71.00 price objective for the company. Cantor Fitzgerald began coverage on shares of eToro Group in a research note on Monday, June 9th. They set an “overweight” rating and a $84.00 price objective for the company. Citizens Jmp began coverage on shares of eToro Group in a research note on Monday, June 9th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, eToro Group presently has an average rating of “Moderate Buy” and an average target price of $71.44.

eToro Group Trading Down 1.2%

NASDAQ ETOR opened at $40.98 on Friday. eToro Group Ltd. has a 12 month low of $39.02 and a 12 month high of $79.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The company’s fifty day moving average is $47.65.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. eToro Group’s revenue for the quarter 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.