eToro Group Ltd. (NASDAQ:ETOR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of eToro Group Ltd. (NASDAQ:ETOR) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $60.6471.

Several research firms have issued reports on ETOR. Zacks Research lowered eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Canaccord Genuity Group restated a “buy” rating and issued a $78.00 price target on shares of eToro Group in a report on Tuesday, November 11th. Bank of America lifted their price objective on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald decreased their target price on shares of eToro Group from $66.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Citigroup lowered their target price on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th.

Institutional Investors Weigh In On eToro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in shares of eToro Group during the fourth quarter valued at about $42,000. IFP Advisors Inc purchased a new stake in eToro Group during the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. increased its stake in eToro Group by 45.1% during the 3rd 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. 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 worth $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 $120,000.

eToro Group Stock Up 2.7%

eToro Group stock opened at $27.46 on Friday. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.25 billion and a P/E ratio of 14.84. The business has a fifty day moving average of $32.89 and a two-hundred day moving average of $39.75. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96.

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.