Teacher Retirement System of Texas Invests $1.33 Million in eToro Group Ltd. $ETOR

Teacher Retirement System of Texas purchased a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,000 shares of the company’s stock, valued at approximately $1,332,000.

Several other institutional investors also recently modified their holdings of ETOR. PFG Investments LLC acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $278,000. Hennessy Advisors Inc. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $999,000. Meitav Investment House Ltd. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $366,000. Guild Investment Management Inc. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $1,468,000. Finally, IFP Advisors Inc acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $67,000.

eToro Group Stock Down 0.7%

Shares of ETOR stock opened at $34.21 on Thursday. The stock has a fifty day simple moving average of $41.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market capitalization of $2.80 billion and a price-to-earnings ratio of 27.37. eToro Group Ltd. has a 12 month low of $34.06 and a 12 month high of $79.96.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ETOR. Keefe, Bruyette & Woods decreased their price objective on shares of eToro Group from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, August 13th. Compass Point began coverage on shares of eToro Group in a report on Monday, October 13th. They set a “buy” rating and a $66.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Canaccord Genuity Group restated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Finally, Needham & Company LLC decreased their price objective on shares of eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, eToro Group presently has an average rating of “Moderate Buy” and an average price target of $70.76.

eToro Group Profile

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