eToro Group Ltd. (ETOR) – What Are Brokerages Thinking About This Stock?

eToro Group Ltd. (NASDAQ:ETOR) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $46.33.

A number of research firms recently issued reports on ETOR. Susquehanna lowered their target price on eToro Group from $51.00 to $46.00 and set a “positive” rating for the company in a research note on Tuesday, October 13th. Needham & Company LLC reduced their price target on shares of eToro Group from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of eToro Group in a research report on Monday, September 21st. TD Cowen dropped their price objective on shares of eToro Group from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, KeyCorp cut their price objective on shares of eToro Group from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th.

Insider Activity

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated 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 sale, the director owned 196,779 shares of the company’s stock, valued at $6,139,504.80. This trade represents a 33.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of eToro Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in shares of eToro Group by 2.2% in the first quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock worth $460,000 after acquiring an additional 331 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of eToro Group by 109.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock worth $28,000 after buying an additional 578 shares during the last quarter. Royal Bank of Canada grew its stake in shares of eToro Group by 6.0% during the first quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock worth $354,000 after buying an additional 668 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the fourth quarter worth $25,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 727 shares in the last quarter.

eToro Group Stock Down 1.7%

eToro Group stock opened at $23.52 on Thursday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.68 and a beta of 1.79. The company’s 50 day simple moving average is $27.82 and its 200 day simple moving average is $32.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. eToro Group has a fifty-two week low of $23.27 and a fifty-two week high of $44.21.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.59 billion during the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The firm’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. As a group, sell-side analysts anticipate that eToro Group will post 2.48 EPS for the current year.

About eToro Group

eToro Group Ltd. (NASDAQ: ETOR) operates a global, multi-asset investment and trading platform. Its services enable users to invest in stocks, exchange-traded funds, cryptocurrencies and other instruments, with product availability varying by jurisdiction and local regulations. In certain markets, eToro also offers contracts for difference and other leveraged products.

The company is known for combining online brokerage services with social-investing features. Users can view and discuss investment activity, follow other investors and use CopyTrader to automatically replicate the strategies of selected investors.