eToro Group Ltd. (NASDAQ:ETOR) Receives $58.44 Consensus Target Price from Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $58.4375.

Several equities research analysts have commented on ETOR shares. Zacks Research cut eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Canaccord Genuity Group decreased their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Bank of America reiterated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $58.00 price objective on shares of eToro Group in a research report on Wednesday, February 18th. Finally, Mizuho reduced their target price on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th.

eToro Group Stock Performance

ETOR opened at $31.14 on Wednesday. The company has a market capitalization of $2.55 billion and a price-to-earnings ratio of 14.03. The business’s 50-day moving average price is $30.42 and its two-hundred day moving average price is $36.48. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.71 earnings per share 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 return on equity of 21.35% and a net margin of 1.56%.

Hedge Funds Weigh In On eToro Group

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group in the fourth quarter valued at about $25,000. Blue Trust Inc. acquired a new position in eToro Group during the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. grew 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 valued at $74,000 after purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $101,000 after purchasing an additional 1,631 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of eToro Group during the 3rd quarter worth approximately $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.