Azora Capital LP Makes New $12.83 Million Investment in eToro Group Ltd. $ETOR

Azora Capital LP purchased a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 192,680 shares of the company’s stock, valued at approximately $12,831,000. Azora Capital LP owned about 0.24% of eToro Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in eToro Group in the 2nd quarter valued at about $28,048,000. Marshall Wace LLP acquired a new stake in shares of eToro Group in the second quarter valued at approximately $17,360,000. ARK Investment Management LLC bought a new position in shares of eToro Group during the 2nd quarter worth approximately $16,516,000. Norges Bank acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $16,315,000. Finally, Invesco Ltd. bought a new stake in eToro Group in the 2nd quarter valued at $15,392,000.

Wall Street Analyst Weigh In

A number of research firms have commented on ETOR. Keefe, Bruyette & Woods reduced 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 research report on Wednesday, August 13th. The Goldman Sachs Group reduced their target price 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. Mizuho decreased their price target on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Canaccord Genuity Group restated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a research report on Tuesday, November 11th. Finally, Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $50.00 to $55.00 in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.18.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $42.10 on Wednesday. The firm has a 50 day moving average of $39.31 and a 200-day moving average of $49.42. eToro Group Ltd. has a 12 month low of $32.66 and a 12 month 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. The stock has a market capitalization of $3.45 billion and a PE ratio of 22.76.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $214.60 million during the quarter.

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.