eToro Group (NASDAQ:ETOR) Raised to Strong-Buy at KeyCorp

eToro Group (NASDAQ:ETOR) was upgraded by equities researchers at KeyCorp to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Susquehanna lowered their target price on eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, August 13th. Mizuho cut their price objective on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating for the company in a report on Wednesday, August 12th. UBS Group dropped their price target on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Needham & Company LLC cut their price objective on shares of eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and an average price target of $49.88.

eToro Group Trading Down 0.5%

NASDAQ ETOR opened at $31.81 on Monday. eToro Group has a one year low of $24.74 and a one year high of $47.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a market cap of $2.64 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.86 and a beta of 1.65. The stock’s 50-day moving average is $35.34 and its 200-day moving average is $35.05.

eToro Group (NASDAQ:ETOR) last released its earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The firm had revenue of $1.59 billion during the quarter. During the same quarter last year, the company posted $0.56 EPS. eToro Group’s revenue for the quarter was down 23.9% on a year-over-year basis. Sell-side analysts anticipate that eToro Group will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the sale, the director directly owned 196,779 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in shares of eToro Group in the 2nd quarter worth about $669,000. Invesco Ltd. bought a new position in eToro Group during the second quarter valued at about $15,392,000. Nebula Research & Development LLC purchased a new stake in eToro Group in the 2nd quarter worth about $272,000. Squarepoint Ops LLC purchased a new position in eToro Group in the 2nd quarter valued at approximately $1,270,000. Finally, Raymond James Financial Inc. purchased a new stake in eToro Group during the 2nd quarter worth about $1,333,000.

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.