Insider Selling: eToro Group (NASDAQ:ETOR) CEO Sells 55,160 Shares of Stock

eToro Group Ltd. (NASDAQ:ETOR) CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the sale, the chief executive officer owned 20,660 shares in the company, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Price Performance

Shares of eToro Group stock traded down $0.71 on Tuesday, hitting $40.97. The company’s stock had a trading volume of 840,051 shares, compared to its average volume of 1,363,992. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $79.96. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $35.81 and a 200-day moving average price of $34.57. The company has a market capitalization of $3.39 billion and a P/E ratio of 17.27.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business had revenue of $2.44 billion for the quarter. During the same quarter in the prior year, the firm earned $0.69 earnings per share. eToro Group’s quarterly revenue was down 35.0% on a year-over-year basis. On average, equities research analysts expect that eToro Group Ltd. will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETOR. ARK Investment Management LLC increased its position in eToro Group by 56.1% during the 3rd quarter. ARK Investment Management LLC now owns 387,164 shares of the company’s stock worth $15,978,000 after purchasing an additional 139,132 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in eToro Group during the 4th quarter worth approximately $43,136,000. Ibex Investors LLC acquired a new stake in eToro Group during the 3rd quarter worth approximately $1,663,000. Amova Asset Management Americas Inc. increased its position in eToro Group by 24.7% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 523,143 shares of the company’s stock worth $21,553,000 after purchasing an additional 103,788 shares in the last quarter. Finally, Hillman Co. acquired a new stake in eToro Group during the 4th quarter worth approximately $1,196,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ETOR shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a research report on Monday, February 23rd. Susquehanna boosted their price objective on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research report on Wednesday, May 13th. Bank of America restated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Jefferies Financial Group upped their target price on shares of eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, Needham & Company LLC upped their target price on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, eToro Group currently has a consensus rating of “Moderate Buy” and an average target price of $56.56.

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.