eToro Group (NASDAQ:ETOR) Upgraded at Zacks Research

Zacks Research upgraded shares of eToro Group (NASDAQ:ETOR) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Citizens Jmp started coverage on eToro Group in a research report on Monday, June 9th. They issued an “outperform” rating and a $85.00 target price for the company. Bank of America assumed coverage on shares of eToro Group in a report on Monday, June 9th. They issued a “neutral” rating and a $71.00 price objective for the company. Needham & Company LLC dropped their price target on eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Mizuho assumed coverage on shares of eToro Group in a research note on Monday, June 9th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $78.00 price target on shares of eToro Group in a report on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and a consensus target price of $72.88.

eToro Group Price Performance

Shares of ETOR stock opened at $44.39 on Tuesday. The business’s fifty day moving average is $53.05. eToro Group has a 1-year low of $42.42 and a 1-year high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $209.63 million during the quarter, compared to analyst estimates of $194.60 million. The business’s revenue was up 13.3% on a year-over-year basis.

Institutional Investors Weigh In On eToro Group

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. bought a new stake in eToro Group during the second quarter worth approximately $82,000. Caitong International Asset Management Co. Ltd bought a new stake in eToro Group during the second quarter worth approximately $120,000. SBI Securities Co. Ltd. acquired a new position in eToro Group in the second quarter worth approximately $128,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of eToro Group in the second quarter valued at $160,000.

About eToro Group

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.