TD Cowen Cuts eToro Group (NASDAQ:ETOR) Price Target to $50.00

eToro Group (NASDAQ:ETOR) had its price target decreased by TD Cowen from $54.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Mizuho dropped their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, November 11th. Citigroup cut their price target on eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Canaccord Genuity Group reiterated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a research note on Tuesday, November 11th. Finally, UBS Group cut their target price on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.65.

eToro Group Trading Up 0.2%

NASDAQ ETOR opened at $31.33 on Wednesday. The firm has a market capitalization of $2.57 billion and a PE ratio of 16.94. The stock’s 50 day moving average is $37.43 and its 200 day moving average is $44.08. eToro Group has a twelve month low of $30.67 and a twelve month high of $79.96. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.The business had revenue of $214.60 million during the quarter.

Institutional Investors Weigh In On eToro Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETOR. Blue Trust Inc. purchased a new stake in eToro Group during the 4th quarter valued at $42,000. IFP Advisors Inc bought a new stake in shares of eToro Group in the second quarter worth $67,000. Newbridge Financial Services Group Inc. increased its position in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 acquiring an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in eToro Group in the second quarter valued at about $120,000.

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.