eToro Group Ltd. (NASDAQ:ETOR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $56.5625.

A number of equities research analysts have recently issued reports on the company. Susquehanna boosted their price objective on eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, May 13th. Bank of America reiterated a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Canaccord Genuity Group lowered their price objective on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Keefe, Bruyette & Woods upped their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC increased their price target on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th.

Insider Activity

In other news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. This represents a 25.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On eToro Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the last quarter. Blue Trust Inc. purchased a new position in eToro Group in the 4th quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. grew its stake in eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 555 shares in the last quarter. Finally, State of Wyoming grew its stake in eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after buying an additional 1,242 shares in the last quarter.

eToro Group Stock Performance

ETOR stock opened at $41.98 on Monday. The business’s 50-day moving average price is $35.56 and its two-hundred day moving average price is $34.56. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.48 billion and a PE ratio of 17.56. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s revenue for the quarter was down 35.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. As a group, research analysts forecast that eToro Group will post 2.76 earnings per share for the current year.

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.