Citigroup Cuts eToro Group (NASDAQ:ETOR) Price Target to $47.00

eToro Group (NASDAQ:ETOR) had its target price cut by Citigroup from $57.00 to $47.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group reduced their price target on eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Mizuho dropped their target price on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Needham & Company LLC decreased their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday. Susquehanna dropped their price objective on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, July 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $78.00 price objective on shares of eToro Group in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.18.

eToro Group Price Performance

eToro Group stock opened at $39.26 on Tuesday. The firm has a market cap of $3.22 billion and a PE ratio of 31.41. eToro Group has a 12-month low of $32.66 and a 12-month high of $79.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. The business’s 50-day moving average price is $40.35.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $214.60 million for the quarter.

Institutional Trading of eToro Group

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc purchased a new position in eToro Group in the second quarter valued at approximately $67,000. Newbridge Financial Services Group Inc. purchased a new stake in eToro Group during the second quarter worth approximately $82,000. Jones Financial Companies Lllp increased its position in shares of eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after acquiring an additional 1,631 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group in the 2nd quarter valued at $120,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of eToro Group during the 3rd quarter valued at $124,000.

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.