Squarepoint Ops LLC Purchases New Shares in eToro Group Ltd. $ETOR

Squarepoint Ops LLC acquired a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,072 shares of the company’s stock, valued at approximately $1,270,000.

Several other institutional investors have also recently made changes to their positions in ETOR. IFP Advisors Inc purchased a new stake in shares of eToro Group in the second quarter valued at about $67,000. Newbridge Financial Services Group Inc. purchased a new stake in eToro Group in the 2nd quarter valued at about $82,000. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group in the 2nd quarter valued at about $120,000. SBI Securities Co. Ltd. bought a new position in shares of eToro Group during the 2nd quarter worth approximately $128,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of eToro Group in the 2nd quarter worth approximately $160,000.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their price target on eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. UBS Group cut their price target on shares of eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Citigroup decreased their price objective on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Mizuho dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Stock Up 1.8%

ETOR stock opened at $36.22 on Friday. The stock has a fifty day moving average of $38.81 and a 200-day moving average of $48.16. eToro Group Ltd. has a fifty-two week low of $32.66 and a fifty-two week high of $79.96. The company has a market capitalization of $2.97 billion and a price-to-earnings ratio of 19.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Monday, November 10th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

eToro Group Company Profile

eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.