eToro Group (NASDAQ:ETOR) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of eToro Group (NASDAQ:ETOR) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on ETOR. Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Susquehanna upped their target price on eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research report on Wednesday, May 13th. Needham & Company LLC lifted their price target on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group restated a “buy” rating and issued a $65.00 price objective on shares of eToro Group in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group upped their price objective 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. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, eToro Group presently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

eToro Group Trading Down 2.8%

eToro Group stock opened at $37.44 on Tuesday. eToro Group has a one year low of $24.74 and a one year high of $65.95. The company’s fifty day moving average price is $39.44 and its two-hundred day moving average price is $34.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.84 and a beta of 1.64.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.eToro Group’s quarterly revenue was down 35.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts forecast that eToro Group will post 2.79 earnings per share for the current fiscal year.

Insider Activity at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at $865,654. This trade represents a 72.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value 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. This trade represents a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On eToro Group

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