190,000 Shares in eToro Group Ltd. $ETOR Acquired by Intrinsic Edge Capital Management LLC

Intrinsic Edge Capital Management LLC acquired a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the first quarter, according to its most recent filing with the SEC. The fund acquired 190,000 shares of the company’s stock, valued at approximately $5,706,000.

A number of other large investors have also recently made changes to their positions in ETOR. Altshuler Shaham Ltd boosted its holdings in shares of eToro Group by 1.5% in the first quarter. Altshuler Shaham Ltd now owns 350,717 shares of the company’s stock worth $10,532,000 after acquiring an additional 5,077 shares during the period. Amundi bought a new stake in shares of eToro Group during the 1st quarter valued at $271,000. EverSource Wealth Advisors LLC lifted its holdings in eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares in the last quarter. California State Teachers Retirement System boosted its stake in eToro Group by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock worth $460,000 after purchasing an additional 331 shares during the period. Finally, Royal Bank of Canada boosted its stake in eToro Group by 6.0% in the 1st quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock worth $354,000 after purchasing an additional 668 shares during the period.

Wall Street Analysts Forecast Growth

ETOR has been the topic of several analyst reports. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Citizens Jmp upped 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. Susquehanna increased their target price on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group restated a “buy” rating and set a $65.00 price target on shares of eToro Group in a research report on Tuesday, June 9th. Finally, TD Cowen increased 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. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.80.

eToro Group Trading Down 5.1%

Shares of ETOR opened at $36.03 on Thursday. The firm’s 50 day simple moving average is $38.94 and its 200 day simple moving average is $34.71. The company has a market capitalization of $2.99 billion, a P/E ratio of 15.08, a P/E/G ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. eToro Group Ltd. has a 1-year low of $24.74 and a 1-year high of $63.58.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) 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 revenue for the quarter was down 35.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Sell-side analysts forecast that eToro Group Ltd. will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction 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 of the company’s stock, valued at $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction dated 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 owned 20,660 shares in the company, valued at $865,654. The trade was a 72.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.