eToro Group Ltd. (NASDAQ:ETOR) Given Consensus Rating of “Moderate Buy” by Analysts

eToro Group Ltd. (NASDAQ:ETOR) has been given an average rating of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $72.8750.

Several research firms have recently weighed in on ETOR. Citizens Jmp began coverage on eToro Group in a research report on Monday, June 9th. They set an “outperform” rating and a $85.00 target price on the stock. The Goldman Sachs Group lowered their target price on eToro Group from $78.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Redburn Atlantic assumed coverage on eToro Group in a report on Monday, June 9th. They issued a “neutral” rating and a $68.00 target price for the company. JMP Securities assumed coverage on eToro Group in a report on Monday, June 9th. They issued a “market outperform” rating and a $85.00 target price for the company. Finally, Keefe, Bruyette & Woods lowered their target price on eToro Group from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, August 13th.

Institutional Investors Weigh In On eToro Group

A number of hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. purchased a new stake in shares of eToro Group during the 2nd quarter worth $43,397,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of eToro Group during the 2nd quarter worth $33,812,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of eToro Group during the 2nd quarter worth $28,048,000. Nikko Asset Management Americas Inc. acquired a new position in eToro Group during the 2nd quarter valued at about $27,875,000. Finally, Marshall Wace LLP acquired a new position in eToro Group during the 2nd quarter valued at about $17,360,000.

eToro Group Stock Up 0.2%

NASDAQ:ETOR opened at $43.43 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. eToro Group has a 1 year low of $42.42 and a 1 year high of $79.96. The business has a 50 day moving average price of $51.96.

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

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.