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

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

Several research firms have recently issued reports on ETOR. Canaccord Genuity Group restated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a report on Tuesday, November 11th. 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 research note on Tuesday, October 14th. Mizuho dropped their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Bank of America raised their target price on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Susquehanna upgraded shares of eToro Group from a “neutral” rating to a “positive” rating and boosted their target price for the company from $50.00 to $55.00 in a report on Wednesday, November 12th.

eToro Group Price Performance

NASDAQ:ETOR opened at $35.95 on Friday. eToro Group has a 12-month low of $32.66 and a 12-month high of $79.96. The firm has a market cap of $2.95 billion and a price-to-earnings ratio of 19.43. The company’s 50-day moving average is $38.59 and its two-hundred day moving average is $47.47. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03.

eToro Group (NASDAQ:ETOR) last posted 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. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The business had revenue of $214.60 million during the quarter.

Institutional Trading of eToro Group

A number of institutional investors and hedge funds have recently made changes to their positions in ETOR. IFP Advisors Inc acquired a new position in eToro Group in the second quarter valued at $67,000. Newbridge Financial Services Group Inc. raised its holdings in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of eToro Group by 194.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after acquiring an additional 1,631 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the second quarter worth about $120,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of eToro Group in the third quarter worth about $124,000.

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.