The Goldman Sachs Group Lowers eToro Group (NASDAQ:ETOR) Price Target to $68.00

eToro Group (NASDAQ:ETOR) had its target price reduced by The Goldman Sachs Group from $78.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 42.98% from the company’s current price.

Other equities analysts have also issued research reports about the company. Redburn Atlantic started coverage on eToro Group in a research note on Monday, June 9th. They set a “neutral” rating and a $68.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group initiated coverage on eToro Group in a research note on Monday, June 9th. They issued a “buy” rating and a $78.00 price target on the stock. Wall Street Zen raised eToro Group to a “hold” rating in a research note on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on eToro Group in a research note on Monday, June 9th. They issued a “hold” rating and a $70.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, eToro Group presently has an average rating of “Moderate Buy” and a consensus price target of $73.19.

eToro Group Price Performance

NASDAQ ETOR opened at $47.56 on Wednesday. The stock’s fifty day moving average is $60.60. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09. eToro Group has a fifty-two week low of $46.03 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. eToro Group’s quarterly revenue was up 13.3% compared to the same quarter last year.

Institutional Investors Weigh In On eToro Group

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in eToro Group in the 2nd quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group in the 2nd quarter valued at about $120,000. SBI Securities Co. Ltd. acquired a new stake in eToro Group in the 2nd quarter valued at about $128,000. TD Waterhouse Canada Inc. acquired a new stake in eToro Group in the 2nd quarter valued at about $160,000. Finally, Diametric Capital LP acquired a new stake in eToro Group in the 2nd quarter valued at about $231,000.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.