Federated Hermes Inc. Makes New Investment in eToro Group Ltd. $ETOR

Federated Hermes Inc. bought a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 170,000 shares of the company’s stock, valued at approximately $11,320,000. Federated Hermes Inc. owned about 0.21% of eToro Group at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in eToro Group in the 2nd quarter valued at about $67,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group in the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. bought a new position in shares of eToro Group in the second quarter valued at approximately $128,000. TD Waterhouse Canada Inc. purchased a new stake in shares of eToro Group during the second quarter valued at approximately $160,000. Finally, Diametric Capital LP bought a new stake in eToro Group during the second quarter worth $231,000.

Analyst Ratings Changes

ETOR has been the subject of a number of recent analyst reports. Compass Point started coverage on eToro Group in a research note on Monday, October 13th. They issued a “buy” rating and a $66.00 price objective for the company. Citigroup cut their price target on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Bank of America raised their price objective on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Keefe, Bruyette & Woods dropped their target price on shares of eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 13th. Finally, Mizuho reduced their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, eToro Group has a consensus rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Stock Performance

NASDAQ ETOR opened at $40.76 on Thursday. The firm has a market cap of $3.34 billion and a P/E ratio of 22.03. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $39.35 and its 200-day moving average is $49.36. eToro Group Ltd. has a 12-month low of $32.66 and a 12-month high of $79.96.

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

eToro Group 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.