eToro Group (NASDAQ:ETOR) Price Target Cut to $37.00 by Analysts at Cantor Fitzgerald

eToro Group (NASDAQ:ETOR) had its target price cut by investment analysts at Cantor Fitzgerald from $48.00 to $37.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective would indicate a potential upside of 60.94% from the company’s previous close.

A number of other equities research analysts have also commented on ETOR. Wall Street Zen lowered eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Needham & Company LLC dropped their target price on eToro Group from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho set a $33.00 price target on shares of eToro Group in a report on Wednesday. Citizens Jmp lowered their price objective on shares of eToro Group from $90.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Friday, October 9th. Finally, Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Monday, October 5th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.58.

eToro Group Stock Performance

Shares of eToro Group stock opened at $22.99 on Thursday. The stock has a market cap of $1.90 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84. The business has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $32.35. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. eToro Group has a 12 month low of $21.30 and a 12 month high of $44.21.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $1.49 billion for the quarter. eToro Group had a net margin of 2.34% and a return on equity of 17.19%. During the same quarter last year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that eToro Group will post 2.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $31.20, for a total value of $3,120,000.00. Following the transaction, the director directly owned 196,779 shares of the company’s stock, valued at $6,139,504.80. This represents a 33.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On eToro Group

Several institutional investors have recently made changes to their positions in the company. Ibex Investors LLC raised its position in eToro Group by 2.9% during the third quarter. Ibex Investors LLC now owns 1,050,000 shares of the company’s stock valued at $26,985,000 after acquiring an additional 30,000 shares in the last quarter. AlpInvest Partners B.V. grew its position in eToro Group by 64.0% in the third quarter. AlpInvest Partners B.V. now owns 228,599 shares of the company’s stock worth $5,875,000 after acquiring an additional 89,223 shares in the last quarter. Russell Investments Group Ltd. grew its position in eToro Group by 8.9% in the third quarter. Russell Investments Group Ltd. now owns 14,504 shares of the company’s stock worth $373,000 after acquiring an additional 1,184 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of eToro Group by 42.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,590 shares of the company’s stock worth $41,000 after purchasing an additional 476 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of eToro Group by 109.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock worth $28,000 after purchasing an additional 578 shares during the last quarter.

Latest eToro Group News

Investors following ETOR have been watching these news items:

• Positive Sentiment: Funded accounts increased 18% year over year to 4.39 million, and management announced a $250 million share repurchase program—potentially signaling confidence in the business and returning capital to shareholders. Article: eToro: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained Buy ratings despite reducing price targets after results: Susquehanna cut its target to $39, TD Cowen to $26, Needham to $45, and Canaccord to $40. The continued Buy ratings suggest some analysts still see upside. Article: Susquehanna Lowers eToro Price Target
• Negative Sentiment: Q3 adjusted EPS was $0.26, below analyst estimates, while revenue was $1.49 billion. Profitability weakened substantially: EPS fell from $0.53 a year earlier, and reports cited a 74% drop in profit and a 60% decline in adjusted net income. The earnings disappointment, linked in part to a crypto slump, is a key pressure on the stock. Article: eToro Q3 Accounts Grow as Profit Falls

eToro Group Company Profile

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.