eToro Group Ltd. (NASDAQ:ETOR) Given Average Recommendation of “Moderate Buy” by Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $60.6471.

A number of brokerages recently weighed in on ETOR. TD Cowen cut their price target on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Needham & Company LLC lowered their target price on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, November 11th. Zacks Research lowered shares of eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of eToro Group in a research note on Tuesday, November 11th.

eToro Group Stock Down 0.6%

NASDAQ:ETOR opened at $31.29 on Tuesday. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. eToro Group has a 12-month low of $29.68 and a 12-month high of $79.96. The stock’s fifty day simple moving average is $36.39 and its 200-day simple moving average is $42.52. The firm has a market capitalization of $2.56 billion and a P/E ratio of 16.91.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Monday, November 10th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.The business had revenue of $214.60 million during the quarter.

Hedge Funds Weigh In On eToro Group

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc acquired a new stake in eToro Group during the 2nd quarter worth approximately $67,000. Blue Trust Inc. bought a new stake in eToro Group in the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. bought a new stake in eToro Group in the 2nd quarter valued at $82,000. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group in the 2nd quarter worth $120,000. Finally, SBI Securities Co. Ltd. bought a new position in eToro Group during the 2nd quarter worth about $128,000.

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.