eToro Group (NASDAQ:ETOR) Stock Rating Lowered by Zacks Research

eToro Group (NASDAQ:ETOR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on ETOR. Keefe, Bruyette & Woods raised 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 report on Wednesday, May 13th. Jefferies Financial Group increased their target price on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Citizens Jmp raised their price target on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday, May 13th. Needham & Company LLC lifted their price target on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Susquehanna upped their price objective on eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

eToro Group Stock Up 1.0%

Shares of eToro Group stock opened at $38.53 on Tuesday. eToro Group has a one year low of $24.74 and a one year high of $65.95. The company has a market cap of $3.19 billion, a P/E ratio of 16.12, a PEG ratio of 0.83 and a beta of 1.64. 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 firm has a fifty day moving average of $39.45 and a two-hundred day moving average of $34.57.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business had revenue of $2.44 billion for the quarter. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was down 35.0% on a year-over-year basis. On average, analysts forecast that eToro Group will post 2.79 earnings per share for the current year.

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This represents a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the transaction, the director directly owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On eToro Group

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after purchasing an additional 727 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of eToro Group in the fourth quarter valued at $42,000. 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 valued at $74,000 after buying an additional 555 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares during the last quarter.

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.