Brokerages Set eToro Group Ltd. (NASDAQ:ETOR) PT at $55.80

eToro Group Ltd. (NASDAQ:ETOR) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.80.

ETOR has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Keefe, Bruyette & Woods upped their target price on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Needham & Company LLC raised their price target on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Citizens Jmp lifted their price target on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th.

eToro Group Stock Performance

NASDAQ ETOR opened at $34.00 on Friday. The company has a fifty day simple moving average of $38.21 and a 200 day simple moving average of $34.96. eToro Group has a 12-month low of $24.74 and a 12-month high of $58.82. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.82 billion, a P/E ratio of 14.23, a PEG ratio of 0.76 and a beta of 1.68.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business had revenue of $2.44 billion during the quarter. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was down 35.0% compared to the same quarter last year. Sell-side analysts predict that eToro Group will post 2.81 earnings per share for the current fiscal year.

Insider Activity at eToro Group

In related 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 transaction, the chief executive officer owned 20,660 shares of the company’s stock, valued at $865,654. The trade was a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 sale, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. This trade represents a 25.20% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of eToro Group

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after buying an additional 727 shares during the last quarter. Blue Trust Inc. purchased a new stake in eToro Group in the 4th quarter valued at about $42,000. State of Wyoming lifted its position in shares of eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares in the last quarter.

About eToro Group

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.