eToro Group Ltd. (NASDAQ:ETOR) Receives $55.80 Consensus PT from Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $55.80.

ETOR has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Jefferies Financial Group boosted their price objective on shares of eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 6th. The Goldman Sachs Group boosted their price objective on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Canaccord Genuity Group restated a “buy” rating and issued a $65.00 price target on shares of eToro Group in a research report on Tuesday, June 9th. Finally, Needham & Company LLC upped their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

eToro Group Stock Up 4.2%

eToro Group stock opened at $38.07 on Friday. The stock has a market cap of $3.15 billion and a PE ratio of 15.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. eToro Group has a one year low of $24.74 and a one year high of $68.66. The stock has a fifty day moving average of $38.74 and a 200 day moving average of $34.33.

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

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer owned 20,660 shares in the company, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the sale, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. The trade was a 25.20% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of eToro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. increased its position in eToro Group by 61.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock worth $59,716,000 after buying an additional 760,654 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of eToro Group by 67.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after acquiring an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of eToro Group by 47.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after acquiring an additional 401,697 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of eToro Group by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after acquiring an additional 110,998 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of eToro Group by 14,120.4% in the fourth quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after acquiring an additional 967,392 shares during the period.

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.