Jefferies Financial Group Issues Positive Forecast for eToro Group (NASDAQ:ETOR) Stock Price

eToro Group (NASDAQ:ETOR) had its price objective boosted by Jefferies Financial Group from $48.00 to $51.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on ETOR. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. TD Cowen lowered their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 target price on shares of eToro Group in a research report on Monday, February 23rd. Mizuho lowered their price target on eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Finally, Canaccord Genuity Group lowered their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.13.

eToro Group Price Performance

NASDAQ:ETOR opened at $30.18 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.89 and a current ratio of 4.89. The stock’s 50-day simple moving average is $29.91 and its 200 day simple moving average is $34.99. The company has a market cap of $2.47 billion and a P/E ratio of 13.59. eToro Group has a 52-week low of $24.74 and a 52-week high of $79.96.

eToro Group (NASDAQ:ETOR) last released its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $3.87 billion for the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.

Institutional Investors Weigh In On eToro Group

A number of institutional investors have recently made changes to their positions in ETOR. Russell Investments Group Ltd. bought a new stake in shares of eToro Group during the second quarter worth approximately $669,000. Norges Bank bought a new stake in shares of eToro Group during the second quarter worth approximately $16,315,000. Invesco Ltd. bought a new stake in shares of eToro Group during the second quarter worth approximately $15,392,000. Walleye Capital LLC bought a new stake in shares of eToro Group during the second quarter worth approximately $1,332,000. Finally, Marshall Wace LLP bought a new stake in shares of eToro Group during the second quarter worth approximately $17,360,000.

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.