Citizens Jmp Has Lowered Expectations for eToro Group (NASDAQ:ETOR) Stock Price

eToro Group (NASDAQ:ETOR) had its price objective lowered by Citizens Jmp from $90.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 166.37% from the stock’s previous close.

Several other research firms also recently weighed in on ETOR. Needham & Company LLC reissued a “buy” rating and issued a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a research note on Monday, February 23rd. Jefferies Financial Group increased their price target on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. Finally, TD Cowen cut their price target on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, eToro Group presently has an average rating of “Moderate Buy” and an average target price of $54.56.

eToro Group Stock Performance

Shares of NASDAQ:ETOR opened at $31.91 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. The business’s 50 day moving average price is $29.95 and its 200-day moving average price is $34.69. The firm has a market capitalization of $2.61 billion and a PE ratio of 14.37. eToro Group has a 1 year low of $24.74 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The firm 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 hedge funds have recently modified their holdings of ETOR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the fourth quarter valued at about $25,000. Blue Trust Inc. acquired a new position in eToro Group in the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. lifted its holdings 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 acquiring an additional 555 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in 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 acquiring an additional 1,631 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in eToro Group in the third quarter valued at approximately $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.