eToro Group (NASDAQ:ETOR) Price Target Raised to $38.00

eToro Group (NASDAQ:ETOR) had its price target increased by Keefe, Bruyette & Woods from $35.00 to $38.00 in a report released on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

ETOR has been the topic of a number of other reports. Canaccord Genuity Group lowered their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Citizens Jmp upped their price target on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Susquehanna upped their price target on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Mizuho lowered their price target on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.81.

eToro Group Stock Performance

Shares of ETOR opened at $40.59 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.89 and a current ratio of 3.92. The stock has a market capitalization of $3.36 billion and a P/E ratio of 16.98. The company’s fifty day moving average is $33.73 and its two-hundred day moving average is $34.33. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business had revenue of $2.44 billion for the quarter. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down 35.0% compared to the same quarter last year. On average, sell-side analysts predict that eToro Group will post 2.75 earnings per share for the current year.

Institutional Investors Weigh In On eToro Group

Several institutional investors and hedge funds have recently made changes to their positions in ETOR. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of eToro Group in the 4th quarter worth about $43,136,000. Invesco Ltd. boosted its position in shares of eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after buying an additional 967,392 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after buying an additional 683,008 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of eToro Group in the 2nd quarter worth about $43,397,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of eToro Group in the 2nd quarter worth about $33,812,000.

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.