eToro Group (NASDAQ:ETOR) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of eToro Group (NASDAQ:ETOR) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $65.00 price target on shares of eToro Group in a research note on Tuesday. Bank of America reiterated a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Jefferies Financial Group lifted their price target on shares of eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, The Goldman Sachs Group upped their target price on shares of eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.80.

eToro Group Trading Down 1.1%

NASDAQ:ETOR opened at $37.76 on Tuesday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. eToro Group has a 12 month low of $24.74 and a 12 month high of $68.66. The company has a market cap of $3.13 billion and a PE ratio of 15.80. The company has a 50 day simple moving average of $37.14 and a two-hundred day simple moving average of $34.56.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The company’s revenue was down 35.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Research analysts forecast that eToro Group will post 2.76 earnings per share for the current year.

Insider Buying and Selling at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the sale, the director owned 296,779 shares in the company, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction on 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 approximately $865,654. The trade was a 72.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of eToro Group

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of eToro Group in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after buying an additional 727 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of eToro Group in the 4th quarter worth about $42,000. State of Wyoming increased its holdings in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares during the last quarter.

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.