eToro Group (NASDAQ:ETOR) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of eToro Group (NASDAQ:ETOR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm currently has $45.00 target price on the stock.

A number of other brokerages have also commented on ETOR. Zacks Research upgraded shares of eToro Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Keefe, Bruyette & Woods lowered their target price on eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 13th. UBS Group decreased their price target on eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Susquehanna decreased their target price on eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Finally, Mizuho dropped their price target on eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.29.

eToro Group Trading Up 9.3%

Shares of NASDAQ:ETOR opened at $41.24 on Tuesday. The firm has a 50 day moving average price of $40.60. The firm has a market cap of $3.38 billion and a PE ratio of 32.99. eToro Group has a 12 month low of $32.66 and a 12 month 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 posted its quarterly earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETOR. IFP Advisors Inc purchased a new position in shares of eToro Group in the 2nd quarter valued at approximately $67,000. Newbridge Financial Services Group Inc. purchased a new stake in eToro Group during the second quarter valued at approximately $82,000. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group during the second quarter valued at $120,000. SBI Securities Co. Ltd. bought a new stake in eToro Group during the 2nd quarter worth approximately $128,000. Finally, Jones Financial Companies Lllp increased its stake in eToro Group by 194.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after buying an additional 1,631 shares in the last quarter.

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.