eToro Group Ltd. (NASDAQ:ETOR) Stock Has Average Target Price of $49.56

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $49.56.

Several equities analysts recently weighed in on ETOR shares. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $53.00 price objective on shares of eToro Group in a research note on Tuesday, September 15th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of eToro Group in a research note on Monday, September 21st. Susquehanna lowered their price objective on eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th.

Insiders Place Their Bets

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the transaction, the director owned 196,779 shares of the company’s stock, valued at $6,139,504.80. The trade was a 33.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of eToro Group

Several institutional investors and hedge funds have recently modified their holdings of ETOR. Tidal Investments LLC lifted its stake in shares of eToro Group by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock valued at $26,302,000 after buying an additional 12,441 shares in the last quarter. Whetstone Capital Advisors LLC increased its stake in eToro Group by 36.8% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 190,284 shares of the company’s stock worth $7,511,000 after buying an additional 51,197 shares in the last quarter. Wellington Management Group LLP purchased a new stake in eToro Group in the 2nd quarter worth $22,134,000. Public Employees Retirement System of Ohio bought a new stake in eToro Group during the second quarter valued at about $939,000. Finally, Segall Bryant & Hamill LLC bought a new stake in eToro Group during the first quarter valued at about $2,775,000.

eToro Group Stock Down 0.5%

ETOR opened at $25.68 on Friday. The firm’s 50 day simple moving average is $31.39 and its two-hundred day simple moving average is $34.81. The company has a market capitalization of $2.13 billion, a PE ratio of 9.65, a PEG ratio of 0.64 and a beta of 1.64. eToro Group has a 1-year low of $24.74 and a 1-year high of $44.21. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The firm had revenue of $1.59 billion during the quarter. During the same period in the previous year, the firm earned $0.56 EPS. The company’s revenue was down 23.9% on a year-over-year basis. As a group, equities analysts forecast that eToro Group will post 2.53 EPS for the current year.

eToro Group Company Profile

eToro Group Ltd. is a global trading and investment platform that operates the eToro online brokerage and social investing network. Founded in 2007 by Yoni Assia, Ronen Assia and David Ring, the company is designed to give individual investors access to financial markets through digital platforms.

eToro’s services include trading and investing in stocks, exchange-traded funds and cryptocurrencies, with product availability varying by jurisdiction. In certain markets, the platform also offers contracts for difference and other investment products.