eToro Group (NASDAQ:ETOR) Price Target Lowered to $60.00 at Mizuho

eToro Group (NASDAQ:ETOR) had its target price cut by Mizuho from $65.00 to $60.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on ETOR. The Goldman Sachs Group downgraded shares of eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Monday, January 5th. Needham & Company LLC lowered their target price on eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Compass Point initiated coverage on eToro Group in a research report on Monday, October 13th. They issued a “buy” rating and a $66.00 price target for the company. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Cantor Fitzgerald dropped their target price on eToro Group from $66.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.65.

eToro Group Trading Up 0.2%

NASDAQ:ETOR opened at $31.33 on Friday. The firm has a 50-day simple moving average of $37.43 and a 200-day simple moving average of $44.08. eToro Group has a one year low of $30.67 and a one year high of $79.96. The firm has a market cap of $2.57 billion and a P/E ratio of 16.94. 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 announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $214.60 million during the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

Institutional Trading of eToro Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ETOR. Blue Trust Inc. purchased a new position in shares of eToro Group during the fourth quarter worth approximately $42,000. IFP Advisors Inc purchased a new position in eToro Group during the 2nd quarter worth $67,000. Newbridge Financial Services Group Inc. increased its stake in 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 raised its holdings in shares of eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after buying an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the second quarter worth about $120,000.

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.