eToro Group Ltd. (NASDAQ:ETOR) Receives $55.81 Average Price Target from Brokerages

Shares of eToro Group Ltd. (NASDAQ:ETOR) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $56.5625.

ETOR has been the topic of several recent research reports. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Canaccord Genuity Group decreased their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC upped their price target on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Citizens Jmp upped their price target on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 13th. Finally, TD Cowen upped their price target on eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 14th.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $41.98 on Monday. The company’s 50-day moving average is $35.56 and its 200 day moving average is $34.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market capitalization of $3.48 billion and a P/E ratio of 17.56. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. The company had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. eToro Group’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that eToro Group will post 2.76 earnings per share for the current year.

Insider Buying and Selling at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares in the company, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the last quarter. Blue Trust Inc. bought a new position in shares of eToro Group in the fourth quarter worth approximately $42,000. State of Wyoming increased its position in shares of eToro Group by 180.0% in the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares during the last quarter.

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.