eToro Group (NASDAQ:ETOR) Given New $31.00 Price Target at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its target price lowered by The Goldman Sachs Group from $35.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Mizuho decreased their price target on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. TD Cowen dropped their price objective on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Needham & Company LLC restated a “buy” rating and set a $58.00 price objective on shares of eToro Group in a research report on Wednesday, February 18th. Finally, Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.94.

eToro Group Stock Up 1.2%

NASDAQ ETOR opened at $30.05 on Thursday. The stock’s 50 day moving average is $30.11 and its 200 day moving average is $35.81. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group has a 12 month low of $24.74 and a 12 month high of $79.96. The stock has a market cap of $2.46 billion and a PE ratio of 13.54.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Tuesday, February 17th. 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 during the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.

Hedge Funds Weigh In On eToro Group

Several institutional investors have recently bought and sold shares of ETOR. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group in the 4th quarter worth $43,136,000. Invesco Ltd. raised its position in shares of eToro Group by 14,120.4% during the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock valued at $34,225,000 after buying an additional 967,392 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock valued at $59,571,000 after acquiring an additional 683,008 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of eToro Group in the 2nd quarter valued at about $43,397,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in eToro Group in the second quarter worth about $33,812,000.

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.