UBS Group Lowers eToro Group (NASDAQ:ETOR) Price Target to $35.00

eToro Group (NASDAQ:ETOR) had its target price decreased by analysts at UBS Group from $50.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 20.34% from the stock’s current price.

A number of other analysts also recently commented on ETOR. TD Cowen boosted their price objective on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Citizens Jmp raised their target price 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a $65.00 target price on shares of eToro Group in a report on Tuesday, June 9th. Keefe, Bruyette & Woods boosted their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald cut their price target on shares of eToro Group from $61.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average price target of $53.47.

eToro Group Price Performance

NASDAQ ETOR opened at $29.09 on Wednesday. eToro Group has a 12 month low of $24.74 and a 12 month high of $51.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a market capitalization of $2.41 billion, a PE ratio of 12.14, a P/E/G ratio of 0.74 and a beta of 1.68. The company’s 50 day simple moving average is $37.98 and its 200 day simple moving average is $34.95.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.eToro Group’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. As a group, equities research analysts forecast that eToro Group will post 2.81 EPS for the current fiscal year.

Insider Activity at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 in the company, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of eToro Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 727 shares during the period. State of Wyoming boosted its position in 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 acquiring an additional 1,242 shares during the period. Newbridge Financial Services Group Inc. grew its stake in eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of eToro Group in the 3rd quarter valued at about $124,000.

eToro Group News Summary

Here are the key news stories impacting eToro Group this week:

• Positive Sentiment: eToro reported second-quarter adjusted earnings of $0.68 per share, exceeding the $0.61 consensus estimate, while revenue also topped expectations. The company highlighted record assets under administration and continued customer growth. Reuters earnings report
• Positive Sentiment: Analysts remain bullish despite reducing their forecasts: Mizuho cut its price target to $52 from $60 while maintaining an “outperform” rating; Cantor Fitzgerald lowered its target to $53 from $61 with an “overweight” rating; and Needham reduced its target to $53 from $66 while retaining a “buy” rating. Mizuho analyst update
• Neutral Sentiment: eToro agreed to acquire U.S.-focused online brokerage TradeZero in a cash-and-stock transaction valued at up to $231 million. Management expects the deal to accelerate U.S. expansion, broaden products and strengthen its competitive position, but investors are assessing the integration and financing risks. TradeZero acquisition article
• Negative Sentiment: The earnings report showed a 23.9% year-over-year revenue decline, despite the EPS beat. The TradeZero announcement triggered a sharp selloff, indicating that the market viewed the acquisition’s cost and execution uncertainty as outweighing the near-term earnings strength. eToro earnings and TradeZero reaction
• Negative Sentiment: The coordinated reductions in analyst price targets suggest expectations have been moderated, even though the new targets remain substantially above the current trading level.

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.