eToro Group (NASDAQ:ETOR) Reaches New 1-Year Low – Should You Sell?

eToro Group Ltd. (NASDAQ:ETOR) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $32.63 and last traded at $32.64, with a volume of 899393 shares traded. The stock had previously closed at $33.28.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, November 11th. Compass Point began coverage on eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 target price for the company. The Goldman Sachs Group cut shares of eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Monday. Finally, Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and boosted their price target for the company from $50.00 to $55.00 in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average target price of $64.71.

eToro Group Stock Performance

The company’s 50-day moving average is $37.96 and its two-hundred day moving average is $45.55. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.66 billion and a P/E ratio of 17.58.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The company had revenue of $214.60 million during the quarter.

Institutional Trading of eToro Group

A number of institutional investors have recently modified their holdings of ETOR. IFP Advisors Inc purchased a new position in eToro Group in the 2nd quarter valued at approximately $67,000. Newbridge Financial Services Group Inc. grew 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 purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of eToro Group by 194.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group during the 2nd quarter worth about $120,000. Finally, KLP Kapitalforvaltning AS bought a new position in eToro Group in the 3rd quarter worth about $124,000.

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.