eToro Group Ltd. (NASDAQ:ETOR) Stock Has Average Price Target of $46.33 According to Brokerages

Shares of eToro Group Ltd. (NASDAQ:ETOR) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $46.33.

ETOR has been the topic of several research reports. Bank of America reissued a “neutral” rating on shares of eToro Group in a research report on Monday, October 5th. Citizens Jmp cut their price objective on shares of eToro Group from $90.00 to $75.00 and set a “market outperform” rating for the company in a report on Friday, October 9th. Canaccord Genuity Group reduced their price objective on shares of eToro Group from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Wall Street Zen cut shares of eToro Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Mizuho lowered their target price on shares of eToro Group from $52.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, September 18th.

eToro Group Trading Down 1.6%

Shares of ETOR opened at $23.92 on Thursday. The business has a 50-day moving average of $27.90 and a 200 day moving average of $34.16. eToro Group has a fifty-two week low of $23.81 and a fifty-two week high of $44.21. The firm has a market cap of $1.98 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.68 and a beta of 1.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02.

eToro Group (NASDAQ:ETOR) last announced 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. The business had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%. The company’s revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, research analysts forecast that eToro Group will post 2.48 EPS for the current year.

Insider Activity at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in shares of eToro Group by 109.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock valued at $28,000 after purchasing an additional 578 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of eToro Group by 1.9% in the second quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock worth $26,302,000 after purchasing an additional 12,441 shares during the period. Whetstone Capital Advisors LLC raised its position in shares of eToro Group by 36.8% in the second 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 shares of eToro Group in the second quarter worth $22,134,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of eToro Group in the second quarter worth $939,000.

About eToro Group

eToro Group Ltd. (NASDAQ: ETOR) operates a global, multi-asset investment and trading platform. Its services enable users to invest in stocks, exchange-traded funds, cryptocurrencies and other instruments, with product availability varying by jurisdiction and local regulations. In certain markets, eToro also offers contracts for difference and other leveraged products.

The company is known for combining online brokerage services with social-investing features. Users can view and discuss investment activity, follow other investors and use CopyTrader to automatically replicate the strategies of selected investors.