eToro Group Ltd. (NASDAQ:ETOR) Given Average Rating of “Moderate Buy” by Analysts

eToro Group Ltd. (NASDAQ:ETOR) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.1765.

Several research firms have recently weighed in on ETOR. Citigroup decreased their price target on eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Zacks Research raised eToro Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Mizuho lowered their price target on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $78.00 price target on shares of eToro Group in a research note on Tuesday, November 11th.

Hedge Funds Weigh In On eToro Group

Large investors have recently modified their holdings of the stock. IFP Advisors Inc purchased a new position in shares of eToro Group during the second quarter worth approximately $67,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 555 shares during the period. Jones Financial Companies Lllp grew its stake in eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after purchasing an additional 1,631 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group during the 2nd quarter worth $120,000. Finally, KLP Kapitalforvaltning AS purchased a new position in eToro Group during the 3rd quarter worth $124,000.

eToro Group Stock Down 0.7%

Shares of NASDAQ:ETOR opened at $35.95 on Friday. The company has a market cap of $2.95 billion and a price-to-earnings ratio of 19.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 4.63. The firm has a fifty day moving average price of $38.59 and a two-hundred day moving average price of $47.47. eToro Group has a one year low of $32.66 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The company had revenue of $214.60 million during the quarter.

About eToro Group

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.