Keefe, Bruyette & Woods Reiterates Market Perform Rating for eToro Group (NASDAQ:ETOR)

eToro Group (NASDAQ:ETOR)‘s stock had its “market perform” rating restated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $35.00 price target on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 18.16% from the company’s previous close.

ETOR has been the topic of a number of other research reports. Canaccord Genuity Group reduced their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Bank of America reiterated a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. Jefferies Financial Group boosted their price objective on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group dropped their price objective on eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $58.00 price objective on shares of eToro Group in a research note on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.56.

eToro Group Trading Down 1.9%

NASDAQ ETOR opened at $29.62 on Wednesday. The business’s 50-day moving average price is $29.87 and its two-hundred day moving average price is $34.89. eToro Group has a 12 month low of $24.74 and a 12 month high of $79.96. The firm has a market capitalization of $2.43 billion and a PE ratio of 13.34. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The firm had revenue of $3.87 billion for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ETOR. Russell Investments Group Ltd. bought a new position in eToro Group in the second quarter worth approximately $669,000. Invesco Ltd. bought a new position in eToro Group in the second quarter worth approximately $15,392,000. Walleye Capital LLC bought a new position in eToro Group in the second quarter worth approximately $1,332,000. Marshall Wace LLP bought a new position in eToro Group in the second quarter worth approximately $17,360,000. Finally, Federated Hermes Inc. bought a new position in eToro Group in the second quarter worth approximately $11,320,000.

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.