eToro Group (NASDAQ:ETOR) Stock Rating Lowered by Zacks Research

eToro Group (NASDAQ:ETOR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on ETOR. Citizens Jmp increased their target price on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group boosted their price target on eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Needham & Company LLC increased their price objective on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. TD Cowen lifted their price objective on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Susquehanna boosted their target price on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.80.

eToro Group Stock Up 1.0%

Shares of NASDAQ ETOR opened at $38.53 on Tuesday. The firm’s fifty day moving average is $39.45 and its 200 day moving average is $34.57. eToro Group has a 52 week low of $24.74 and a 52 week high of $65.95. 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 $3.19 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.83 and a beta of 1.64.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results 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. The business had revenue of $2.44 billion during the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The company’s quarterly revenue was down 35.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. On average, equities research analysts expect that eToro Group will post 2.79 earnings per share for the current year.

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of eToro Group stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction 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. The trade was a 72.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director owned 296,779 shares in the company, valued at $12,245,101.54. This trade represents a 25.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On eToro Group

Several hedge funds have recently made changes to their positions in ETOR. Harel Insurance Investments & Financial Services Ltd. raised its holdings in eToro Group by 61.9% in 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 in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $59,571,000 after buying an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of eToro Group by 47.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock valued at $43,573,000 after buying an additional 401,697 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after buying an additional 110,998 shares during the period. Finally, Invesco Ltd. grew its position in shares of eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after buying an additional 967,392 shares during the period.

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.