eToro Group (NASDAQ:ETOR) Price Target Raised to $36.00

eToro Group (NASDAQ:ETOR) had its price objective increased by The Goldman Sachs Group from $32.00 to $36.00 in a report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other analysts have also recently commented on the company. UBS Group reduced their price target on eToro Group from $50.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of eToro Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Cantor Fitzgerald reduced their target price on shares of eToro Group from $61.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of eToro Group from $45.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, eToro Group currently has an average rating of “Moderate Buy” and an average target price of $50.12.

eToro Group Trading Up 1.1%

NASDAQ:ETOR opened at $30.35 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. eToro Group has a one year low of $24.74 and a one year high of $46.28. The business has a fifty day moving average price of $34.03 and a 200-day moving average price of $35.11.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.eToro Group’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. Sell-side analysts forecast that eToro Group will post 2.56 EPS for the current year.

Insider Transactions at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $31.20, for a total value of $3,120,000.00. Following the transaction, the director directly owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On eToro Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in eToro Group in the 2nd quarter worth about $669,000. Invesco Ltd. purchased a new stake in eToro Group in the 2nd quarter valued at about $15,392,000. Nebula Research & Development LLC bought a new position in eToro Group in the 2nd quarter worth about $272,000. Squarepoint Ops LLC bought a new position in eToro Group in the 2nd quarter worth about $1,270,000. Finally, Raymond James Financial Inc. purchased a new position in shares of eToro Group during the second quarter worth approximately $1,333,000.

About eToro Group

eToro Group Ltd. is a global trading and investment platform that operates the eToro online brokerage and social investing network. Founded in 2007 by Yoni Assia, Ronen Assia and David Ring, the company is designed to give individual investors access to financial markets through digital platforms.

eToro’s services include trading and investing in stocks, exchange-traded funds and cryptocurrencies, with product availability varying by jurisdiction. In certain markets, the platform also offers contracts for difference and other investment products.