eToro Group (NASDAQ:ETOR) Now Covered by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of eToro Group (NASDAQ:ETOR) in a report released on Wednesday, MarketBeat reports. The brokerage issued a market perform rating and a $35.00 price target on the stock.

Several other brokerages also recently weighed in on ETOR. Canaccord Genuity Group lowered their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Mizuho lowered their price target on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Needham & Company LLC reissued a “buy” rating and issued a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. The Goldman Sachs Group lowered their price target on eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.56.

eToro Group Price Performance

Shares of NASDAQ ETOR opened at $31.04 on Wednesday. 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 company has a market cap of $2.54 billion and a PE ratio of 13.98. The business has a 50-day simple moving average of $29.87 and a two-hundred day simple moving average of $34.86. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $3.87 billion during 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

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the fourth quarter worth about $25,000. Blue Trust Inc. acquired a new stake in shares of eToro Group during the fourth quarter worth about $42,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of eToro Group by 45.1% during the third 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 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 during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of eToro Group during the third quarter worth about $124,000.

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.