Brokerages Set eToro Group Ltd. (NASDAQ:ETOR) Price Target at $55.80

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $55.80.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price objective on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 6th. TD Cowen upped their target price on shares of eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price target on shares of eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th.

eToro Group Stock Down 2.8%

Shares of NASDAQ ETOR opened at $37.44 on Tuesday. The stock has a market cap of $3.10 billion, a P/E ratio of 15.67, a PEG ratio of 0.84 and a beta of 1.64. The business’s fifty day simple moving average is $39.44 and its 200-day simple moving average is $34.58. eToro Group has a 12-month low of $24.74 and a 12-month high of $65.95. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last released its earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm had revenue of $2.44 billion during the quarter. During the same period in the previous year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% compared to the same quarter last year. As a group, equities analysts predict that eToro Group will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling at eToro Group

In other news, CEO Hedva Ber sold 55,160 shares of eToro Group stock in a transaction on Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. The trade was a 25.20% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Trading of eToro Group

A number of institutional investors have recently bought and sold shares of ETOR. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its stake in eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the last quarter. Blue Trust Inc. purchased a new stake in eToro Group during the fourth quarter worth approximately $42,000. Newbridge Financial Services Group Inc. boosted 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 purchasing an additional 555 shares in the last quarter. Finally, State of Wyoming boosted its holdings in eToro Group by 180.0% in the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares in the last quarter.

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.