eToro Group (NASDAQ:ETOR) Stock Unloaded Sen.

Senator (Republican-Ohio) recently sold shares of eToro Group Ltd. (NASDAQ:ETOR). In a filing disclosed on May 22nd, the Senator disclosed that they had sold between $100,001 and $250,000 in eToro Group stock on May 6th.

eToro Group Price Performance

Shares of NASDAQ ETOR opened at $40.85 on Tuesday. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.38 billion and a price-to-earnings ratio of 17.09. The business has a 50 day simple moving average of $34.80 and a 200-day simple moving average of $34.43.

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, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion during the quarter. During the same quarter last year, the firm posted $0.69 earnings per share. eToro Group’s revenue was down 35.0% compared to the same quarter last year. As a group, equities research analysts expect that eToro Group Ltd. will post 2.76 earnings per share for the current year.

Insiders Place Their Bets

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was 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 of the company’s stock, valued at $12,245,101.54. This represents a 25.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods lifted their price objective on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group cut their price objective on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, eToro Group presently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after buying an additional 727 shares during the period. Blue Trust Inc. acquired a new position in eToro Group during the fourth quarter valued at $42,000. State of Wyoming increased its position in eToro Group by 180.0% in the 1st 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 eToro Group by 45.1% in the 3rd 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 Senator

eToro Group Company Profile

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.