eToro Group (NASDAQ:ETOR) CEO Sells $2,311,204.00 in Stock

eToro Group Ltd. (NASDAQ:ETOR) CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $41.90, for a total value of $2,311,204.00. Following the sale, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at approximately $865,654. This represents a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Stock Up 1.2%

ETOR opened at $39.67 on Friday. The business has a 50 day moving average price of $36.43 and a two-hundred day moving average price of $34.56. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.29 billion and a PE ratio of 16.60. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm had revenue of $2.44 billion during the quarter. During the same period in the previous year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was down 35.0% on a year-over-year basis. As a group, research analysts anticipate that eToro Group Ltd. will post 2.76 EPS for the current year.

Hedge Funds Weigh In On eToro Group

Hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of eToro Group by 61.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock worth $59,716,000 after purchasing an additional 760,654 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of eToro Group by 67.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after purchasing an additional 683,008 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of eToro Group by 47.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after purchasing an additional 401,697 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of eToro Group by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after purchasing an additional 110,998 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of eToro Group by 14,120.4% during the fourth quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after purchasing an additional 967,392 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Susquehanna increased their price target on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of eToro Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. The Goldman Sachs Group raised their price target on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Bank of America reissued a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. Finally, Needham & Company LLC raised their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and an average target price of $56.56.

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.