eToro Group (NASDAQ:ETOR) Stock Gets Price Target Cut from UBS Group

eToro Group (NASDAQ:ETOR – Free Report) had its price target decreased by UBS Group from $35.00 to $26.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms also recently commented on ETOR. Cantor Fitzgerald lowered their target price on shares of eToro Group from $48.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group upped their target price on shares of eToro Group from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Zacks Research cut shares of eToro Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. TD Cowen reduced their price target on shares of eToro Group from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings cut shares of eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, eToro Group currently has an average rating of “Hold” and a consensus price target of $40.25.

View Our Latest Research Report on eToro Group

eToro Group Stock Performance

Shares of NASDAQ ETOR traded up $0.04 during trading on Thursday, hitting $22.50. The company had a trading volume of 1,286,353 shares, compared to its average volume of 1,295,664. eToro Group has a 12 month low of $21.30 and a 12 month high of $44.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.29. The firm has a market capitalization of $1.86 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.84. The stock has a 50 day simple moving average of $25.60 and a 200 day simple moving average of $32.26.

eToro Group (NASDAQ:ETOR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $1.49 billion for the quarter. eToro Group had a net margin of 2.34% and a return on equity of 17.17%. During the same period in the previous year, the business posted $0.53 EPS. As a group, analysts anticipate that eToro Group will post 2.28 earnings per share for the current year.

Insider Activity

In other news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 196,779 shares of the company’s stock, valued at $6,139,504.80. This trade represents a 33.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of eToro Group

Institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in eToro Group by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock valued at $30,552,000 after acquiring an additional 110,998 shares during the last quarter. Ibex Investors LLC lifted its holdings in shares of eToro Group by 2.9% in the 3rd quarter. Ibex Investors LLC now owns 1,050,000 shares of the company’s stock worth $26,985,000 after acquiring an additional 30,000 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of eToro Group by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock worth $26,302,000 after purchasing an additional 12,441 shares during the period. Wellington Management Group LLP purchased a new position in shares of eToro Group during the 2nd quarter worth about $22,134,000. Finally, Altshuler Shaham Ltd boosted its stake in shares of eToro Group by 1.5% during the 1st quarter. Altshuler Shaham Ltd now owns 350,717 shares of the company’s stock worth $10,532,000 after purchasing an additional 5,077 shares during the period.

Key eToro Group News

Investors following ETOR have been watching these news items:

About eToro Group

(Get Free Report)

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.

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Analyst Recommendations for eToro Group (NASDAQ:ETOR)

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