eToro Group (NASDAQ:ETOR) Lowered to “Neutral” Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of eToro Group (NASDAQ:ETOR) from a buy rating to a neutral rating in a research note published on Monday, MarketBeat reports. The firm currently has $39.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. Bank of America raised their price target on eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, November 11th. Compass Point assumed coverage on eToro Group in a report on Monday, October 13th. They set a “buy” rating and a $66.00 target price for the company. Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and upped their price target for the stock from $50.00 to $55.00 in a research report on Wednesday, November 12th. Finally, Needham & Company LLC lowered their price objective on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.71.

eToro Group Price Performance

eToro Group stock opened at $36.29 on Monday. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.97 billion and a P/E ratio of 19.62. The business has a 50-day moving average of $38.14 and a 200-day moving average of $45.81. eToro Group has a 1 year low of $32.66 and a 1 year high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results 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 for the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Institutional Investors Weigh In On eToro Group

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in eToro Group by 7.1% during the third quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock worth $341,000 after purchasing an additional 550 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 555 shares during the period. IFP Advisors Inc acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $67,000. Jones Financial Companies Lllp raised its stake in eToro Group by 194.9% in 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 during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in eToro Group by 88.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock valued at $149,000 after purchasing an additional 1,701 shares during the last 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.