eToro Group (NASDAQ:ETOR) Raised to Strong-Buy at Zacks Research

eToro Group (NASDAQ:ETOR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also commented on the company. TD Cowen lifted their target price on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Citizens Jmp lifted their price objective on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Jefferies Financial Group lifted their price objective on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, eToro Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

eToro Group Stock Down 1.1%

ETOR stock opened at $37.76 on Tuesday. eToro Group has a twelve month low of $24.74 and a twelve month high of $68.66. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.13 billion and a PE ratio of 15.80. The business has a 50 day moving average of $37.14 and a 200 day moving average of $34.56.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm’s quarterly revenue was down 35.0% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. On average, research analysts forecast that eToro Group will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at eToro Group

In other news, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at $865,654. The trade was a 72.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the transaction, the director owned 296,779 shares in the company, valued at $12,245,101.54. The trade was a 25.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On eToro Group

Several large investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC purchased a new stake in shares of eToro Group in the first quarter worth about $2,775,000. Bank of America Corp DE lifted its position in shares of eToro Group by 7.5% in the first quarter. Bank of America Corp DE now owns 226,207 shares of the company’s stock worth $6,793,000 after buying an additional 15,813 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of eToro Group in the first quarter worth about $5,706,000. Altshuler Shaham Ltd lifted its position 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 buying an additional 5,077 shares in the last quarter. Finally, Amundi purchased a new stake in shares of eToro Group in the first quarter worth about $271,000.

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.