eToro Group (NASDAQ:ETOR) Posts Quarterly Earnings Results

eToro Group (NASDAQ:ETOR) issued its earnings results on Monday. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08, Zacks reports.

eToro Group Trading Up 1.1%

NASDAQ:ETOR opened at $35.27 on Monday. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.89 billion and a PE ratio of 28.22. The firm has a 50-day simple moving average of $40.85. eToro Group has a 1 year low of $32.66 and a 1 year high of $79.96.

Hedge Funds Weigh In On eToro Group

Several hedge funds and other institutional investors have recently made changes to their positions in ETOR. Russell Investments Group Ltd. acquired a new stake in eToro Group in the 2nd quarter valued at about $669,000. Invesco Ltd. acquired a new position in shares of eToro Group in the second quarter valued at about $15,392,000. Nebula Research & Development LLC acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $272,000. Squarepoint Ops LLC bought a new position in eToro Group during the 2nd quarter worth $1,270,000. Finally, Raymond James Financial Inc. acquired a new position in eToro Group in the second quarter valued at about $1,333,000.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group decreased their price target on eToro Group from $70.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. The Goldman Sachs Group decreased their price objective on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Compass Point began coverage on shares of eToro Group in a report on Monday, October 13th. They set a “buy” rating and a $66.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Finally, Needham & Company LLC decreased their target price on shares of eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.76.

eToro Group Company Profile

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.