eToro Group (NASDAQ:ETOR) Price Target Lowered to $65.00 at Mizuho

eToro Group (NASDAQ:ETOR) had its price objective reduced by Mizuho from $80.00 to $65.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on ETOR. Jefferies Financial Group began coverage on eToro Group in a report on Monday, June 9th. They issued a “buy” rating and a $80.00 price target for the company. Needham & Company LLC decreased their price objective on eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a $78.00 target price on shares of eToro Group in a research report on Thursday, September 11th. Susquehanna lowered their price target on eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Finally, TD Cowen started coverage on shares of eToro Group in a research note on Monday, June 9th. They issued a “buy” rating and a $80.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.94.

eToro Group Trading Down 5.4%

NASDAQ ETOR opened at $39.06 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 12 month low of $39.02 and a 12 month high of $79.96. The company’s fifty day moving average is $48.57.

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

Institutional Investors Weigh In On eToro Group

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

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.