eToro Group (NASDAQ:ETOR) Price Target Lowered to $32.00 at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its target price lowered by equities researchers at The Goldman Sachs Group from $36.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 10.08% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen cut shares of eToro Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Needham & Company LLC lowered their price target on eToro Group from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. TD Cowen dropped their price target on eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Cantor Fitzgerald reduced their price objective on eToro Group from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and a consensus target price of $50.20.

eToro Group Price Performance

ETOR stock opened at $29.07 on Tuesday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.41 billion, a P/E ratio of 10.93, a PEG ratio of 0.80 and a beta of 1.68. The business has a 50 day simple moving average of $36.18 and a 200-day simple moving average of $34.87. eToro Group has a twelve month low of $24.74 and a twelve month high of $47.70.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business had revenue of $1.59 billion for the quarter. During the same period in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was down 23.9% compared to the same quarter last year. As a group, equities analysts anticipate that eToro Group will post 2.7 EPS for the current year.

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the transaction, the chief executive officer owned 20,660 shares in the company, valued at approximately $865,654. This represents a 72.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On eToro Group

Large investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in shares of eToro Group by 12,484.5% in the second quarter. California State Teachers Retirement System now owns 1,929,333 shares of the company’s stock valued at $76,151,000 after buying an additional 1,914,002 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of eToro Group in the 2nd quarter valued at about $22,134,000. Public Employees Retirement System of Ohio purchased a new position in shares of eToro Group in the 2nd quarter valued at about $939,000. Segall Bryant & Hamill LLC acquired a new stake in shares of eToro Group in the first quarter valued at about $2,775,000. Finally, Bank of America Corp DE lifted its stake 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 valued at $6,793,000 after purchasing an additional 15,813 shares during the period.

eToro Group Company Profile

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.