Public Employees Retirement System of Ohio Acquires Shares of 23,800 eToro Group Ltd. $ETOR

Public Employees Retirement System of Ohio bought a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 23,800 shares of the company’s stock, valued at approximately $939,000.

Several other hedge funds have also modified their holdings of ETOR. Russell Investments Group Ltd. purchased a new stake in shares of eToro Group in the second quarter valued at approximately $669,000. Invesco Ltd. purchased a new stake in shares of eToro Group during the 2nd quarter worth $15,392,000. Nebula Research & Development LLC acquired a new position in shares of eToro Group during the 2nd quarter worth $272,000. Squarepoint Ops LLC purchased a new position in shares of eToro Group in the 2nd quarter valued at about $1,270,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of eToro Group in the second quarter valued at about $1,333,000.

Analyst Upgrades and Downgrades

ETOR has been the topic of a number of research reports. Susquehanna lowered their price target on eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, August 13th. Zacks Research lowered eToro Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Needham & Company LLC dropped their price target on eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods cut their price target on eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of eToro Group from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.12.

eToro Group Price Performance

ETOR stock opened at $30.60 on Thursday. The stock’s 50 day moving average price is $34.44 and its 200 day moving average price is $35.15. The firm has a market cap of $2.54 billion, a P/E ratio of 11.50, a PEG ratio of 0.74 and a beta of 1.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. eToro Group Ltd. has a 1 year low of $24.74 and a 1 year high of $46.28.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The company had revenue of $1.59 billion during the quarter. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was down 23.9% on a year-over-year basis. On average, sell-side analysts expect that eToro Group Ltd. will post 2.56 earnings per share for the current fiscal year.

Insider Activity at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the sale, the director owned 196,779 shares of the company’s stock, valued at $6,139,504.80. This trade represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.