eToro Group Ltd.’s Lock-Up Period To Expire on November 10th (NASDAQ:ETOR)

eToro Group’s (NASDAQ:ETOR) lock-up period will expire on Monday, November 10th. eToro Group had issued 11,923,018 shares in its initial public offering on May 14th. The total size of the offering was $619,996,936 based on an initial share price of $52.00. After the end of eToro Group’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of eToro Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Susquehanna lowered their target price on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, July 18th. Citigroup dropped their target price on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Compass Point began coverage on eToro Group in a research report on Monday, October 13th. They issued a “buy” rating and a $66.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 13th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, eToro Group has a consensus rating of “Moderate Buy” and an average price target of $70.76.

eToro Group Price Performance

NASDAQ ETOR opened at $33.47 on Friday. The stock has a fifty day moving average of $41.04. eToro Group has a 52-week low of $33.34 and a 52-week high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.74 billion and a price-to-earnings ratio of 26.78.

eToro Group (NASDAQ:ETOR) last released its earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $209.63 million during the quarter, compared to the consensus estimate of $194.60 million. The company’s revenue was up 13.3% compared to the same quarter last year.

Institutional Investors Weigh In On eToro Group

A number of institutional investors have recently bought and sold shares of ETOR. Ibex Investors LLC acquired a new position in shares of eToro Group in the 3rd quarter valued at $1,663,000. Guild Investment Management Inc. raised its position in eToro Group by 144.2% in the third quarter. Guild Investment Management Inc. now owns 53,855 shares of the company’s stock worth $2,223,000 after purchasing an additional 31,805 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in eToro Group by 88.7% during the third quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock worth $149,000 after purchasing an additional 1,701 shares during the period. Jones Financial Companies Lllp boosted its holdings in eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of eToro Group by 100.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,000 shares of the company’s stock valued at $195,000 after purchasing an additional 2,500 shares during the period.

About eToro Group

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.