Stock Traders Purchase High Volume of eToro Group Call Options (NASDAQ:ETOR)

eToro Group Ltd. (NASDAQ:ETORGet Free Report) saw some unusual options trading on Tuesday. Stock traders bought 8,745 call options on the stock. This is an increase of 407% compared to the typical daily volume of 1,725 call options.

eToro Group Trading Up 16.2%

eToro Group stock traded up $4.45 during midday trading on Tuesday, reaching $31.91. The stock had a trading volume of 2,777,163 shares, compared to its average volume of 1,464,795. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The firm has a market cap of $2.61 billion and a price-to-earnings ratio of 17.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 4.63. The firm’s fifty day simple moving average is $32.61 and its two-hundred day simple moving average is $39.22.

eToro Group (NASDAQ:ETORGet Free Report) last posted its earnings results on Tuesday, February 17th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The company had revenue of $3.87 billion during the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Hedge Funds Weigh In On eToro Group

Large investors have recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in shares of eToro Group in the fourth quarter valued at about $42,000. IFP Advisors Inc purchased a new position in eToro Group in the second quarter worth $67,000. Newbridge Financial Services Group Inc. boosted its stake in eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group in the second quarter worth approximately $120,000.

Analyst Ratings Changes

A number of brokerages recently commented on ETOR. Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and increased their price target for the company from $50.00 to $55.00 in a report on Wednesday, November 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a research note on Tuesday, November 11th. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft upgraded eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, November 11th. Finally, TD Cowen cut their price objective on eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.65.

Check Out Our Latest Research Report on eToro Group

eToro Group News Roundup

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About eToro Group

(Get Free Report)

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.

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