eToro Group Ltd. (NASDAQ:ETOR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $58.4375.

A number of research firms recently issued reports on ETOR. Needham & Company LLC reiterated a “buy” rating and set a $58.00 price objective on shares of eToro Group in a research note on Wednesday, February 18th. Mizuho reduced their price target on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of eToro Group in a report on Monday, March 9th. Canaccord Genuity Group lowered their price objective on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, TD Cowen dropped their price objective on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th.

eToro Group Stock Performance

Shares of ETOR opened at $30.11 on Wednesday. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96. The stock’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $36.67. The firm has a market cap of $2.47 billion and a PE ratio of 13.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $3.87 billion for the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.

Institutional Trading of eToro Group

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group in the fourth quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in eToro Group in the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. lifted 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 purchasing an additional 555 shares during the last quarter. Jones Financial Companies Lllp lifted 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 purchasing an additional 1,631 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in eToro Group in the 3rd quarter worth approximately $124,000.

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.