Atria Wealth Solutions Inc. Makes New Investment in eToro Group Ltd. $ETOR

Atria Wealth Solutions Inc. bought a new position in shares of eToro Group Ltd. (NASDAQ:ETORFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,601 shares of the company’s stock, valued at approximately $289,000.

Several other hedge funds have also made changes to their positions in ETOR. IFP Advisors Inc bought a new stake in shares of eToro Group in the second quarter valued at about $67,000. PFG Investments LLC bought a new stake in eToro Group during the second quarter worth about $278,000. Meitav Investment House Ltd. bought a new stake in eToro Group during the second quarter worth about $366,000. Hennessy Advisors Inc. bought a new stake in eToro Group during the second quarter worth about $999,000. Finally, Guild Investment Management Inc. bought a new stake in eToro Group during the second quarter worth about $1,468,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on ETOR shares. Citigroup decreased their price target on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Zacks Research upgraded eToro Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 9th. Mizuho lowered their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Compass Point initiated coverage on shares of eToro Group in a report on Monday, October 13th. They issued a “buy” rating and a $66.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and a consensus price target of $70.76.

Get Our Latest Research Report on ETOR

eToro Group Price Performance

Shares of ETOR opened at $39.68 on Wednesday. The company has a 50-day moving average price of $43.14. eToro Group Ltd. has a one year low of $37.25 and a one year high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETORGet Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million during the quarter, compared to the consensus estimate of $194.60 million. eToro Group’s revenue was up 13.3% on a year-over-year basis.

eToro Group Company Profile

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Institutional Ownership by Quarter for eToro Group (NASDAQ:ETOR)

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