eToro Group (NASDAQ:ETOR) Reaches New 12-Month Low – Time to Sell?

eToro Group Ltd. (NASDAQ:ETOR) shares hit a new 52-week low on Friday . The company traded as low as $29.65 and last traded at $29.77, with a volume of 294256 shares trading hands. The stock had previously closed at $30.22.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ETOR. Deutsche Bank Aktiengesellschaft upgraded eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, November 11th. Needham & Company LLC lowered their price objective on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Compass Point assumed coverage on shares of eToro Group in a report on Monday, October 13th. They issued a “buy” rating and a $66.00 price objective on the stock. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald decreased their price target on shares of eToro Group from $66.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average target price of $60.65.

eToro Group Stock Performance

The company has a market cap of $2.40 billion and a P/E ratio of 15.84. The business’s 50 day simple moving average is $35.97 and its 200 day simple moving average is $42.18. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in eToro Group by 114.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,152 shares of the company’s stock valued at $286,000 after buying an additional 4,355 shares in the last quarter. Blue Trust Inc. purchased a new position in eToro Group during the fourth quarter valued at $42,000. Hillman Co. bought a new stake in eToro Group in the 4th quarter valued at $1,196,000. Exchange Traded Concepts LLC lifted its stake in eToro Group by 89.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 135,060 shares of the company’s stock worth $4,745,000 after purchasing an additional 63,669 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of eToro Group during the 3rd quarter valued at about $264,000.

About eToro Group

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.