Compass Point initiated coverage on shares of eToro Group (NASDAQ:ETOR – Free Report) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $66.00 target price on the stock.
A number of other research analysts have also issued reports on ETOR. Citigroup lowered their target price on eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Needham & Company LLC lowered their price target on eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Susquehanna decreased their target price on eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Mizuho cut their price target on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Zacks Research upgraded eToro Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.76.
Check Out Our Latest Stock Analysis on eToro Group
eToro Group Stock Down 1.4%
eToro Group (NASDAQ:ETOR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $209.63 million for the quarter, compared to the consensus estimate of $194.60 million. The business’s revenue was up 13.3% compared to the same quarter last year.
Institutional Trading of eToro Group
Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in eToro Group in the 2nd quarter valued at approximately $67,000. Newbridge Financial Services Group Inc. acquired a new stake in eToro Group in the 2nd quarter valued at approximately $82,000. Caitong International Asset Management Co. Ltd bought a new position in eToro Group in the second quarter valued at approximately $120,000. SBI Securities Co. Ltd. bought a new position in eToro Group in the second quarter valued at approximately $128,000. Finally, TD Waterhouse Canada Inc. bought a new position in eToro Group in the second quarter valued at approximately $160,000.
About eToro Group
Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.
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