eToro Group Ltd.’s (NASDAQ:ETOR) Lock-Up Period Set To End on November 10th

eToro Group’s (NASDAQ:ETOR) lock-up period will expire on Monday, November 10th. eToro Group had issued 11,923,018 shares in its IPO on May 14th. The total size of the offering was $619,996,936 based on an initial share price of $52.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ETOR shares. Zacks Research upgraded shares of eToro Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group dropped their price objective on eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Needham & Company LLC decreased their target price on eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. UBS Group dropped their price target on eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Finally, Compass Point initiated coverage on eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 price target for the company. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.76.

eToro Group Price Performance

NASDAQ:ETOR opened at $37.06 on Monday. The stock has a market capitalization of $3.04 billion and a P/E ratio of 29.65. The stock’s fifty day moving average is $41.84. eToro Group has a 1 year low of $36.20 and a 1 year high of $79.96. 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 (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $209.63 million during the quarter, compared to analysts’ expectations of $194.60 million. The company’s revenue was up 13.3% compared to the same quarter last year.

Institutional Investors Weigh In On eToro Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC purchased a new stake in shares of eToro Group in the second quarter worth about $278,000. Hennessy Advisors Inc. bought a new stake in eToro Group during the 2nd quarter worth approximately $999,000. Meitav Investment House Ltd. purchased a new stake in eToro Group in the 2nd quarter worth approximately $366,000. Guild Investment Management Inc. bought a new position in eToro Group in the 2nd quarter valued at $1,468,000. Finally, IFP Advisors Inc purchased a new position in shares of eToro Group during the 2nd quarter valued at $67,000.

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.