Segall Bryant & Hamill LLC Takes $2.77 Million Position in eToro Group Ltd. $ETOR

Segall Bryant & Hamill LLC acquired a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 92,400 shares of the company’s stock, valued at approximately $2,775,000.

A number of other large investors have also bought and sold shares of the business. Russell Investments Group Ltd. bought a new position in eToro Group in the second quarter valued at approximately $669,000. Invesco Ltd. acquired a new position in shares of eToro Group in the second quarter valued at approximately $15,392,000. Nebula Research & Development LLC bought a new stake in shares of eToro Group during the second quarter worth $272,000. Squarepoint Ops LLC bought a new stake in shares of eToro Group during the second quarter worth $1,270,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of eToro Group during the second quarter worth $1,333,000.

Analysts Set New Price Targets

Several research firms recently commented on ETOR. TD Cowen boosted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Citizens Jmp increased their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Susquehanna lifted their price target on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Zacks Research cut eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

eToro Group Price Performance

NASDAQ ETOR opened at $37.23 on Wednesday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $59.75. The company has a market capitalization of $3.08 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.68. The firm’s 50 day moving average is $38.64 and its 200-day moving average is $34.85.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was down 35.0% compared to the same quarter last year. Equities research analysts anticipate that eToro Group Ltd. will post 2.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Hedva Ber sold 55,160 shares of eToro Group 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 sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director owned 296,779 shares in the company, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

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.