eToro Group Ltd. (NASDAQ:ETOR) Receives $49.88 Average Target Price from Analysts

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.8750.

A number of research analysts have recently weighed in on the company. Wall Street Zen cut eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods cut their target price on shares of eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, August 12th. TD Cowen reduced their price target on eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Citizens Jmp raised their target price on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th.

Insider Activity

In related news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the completion of the sale, the director owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. This represents a 33.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of eToro Group

Several large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in eToro Group during the 4th quarter valued at $43,136,000. Bank of New York Mellon Corp bought a new position in eToro Group during the 1st quarter worth approximately $6,048,000. Sei Investments Co. bought a new position in eToro Group during the first quarter worth $2,579,000. Saba Capital Management L.P. boosted its holdings in shares of eToro Group by 156.2% in the 1st quarter. Saba Capital Management L.P. now owns 203,291 shares of the company’s stock valued at $6,105,000 after buying an additional 123,952 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new position in eToro Group in the first quarter valued at approximately $5,706,000.

eToro Group Stock Down 4.9%

eToro Group stock opened at $30.89 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. eToro Group has a 1-year low of $24.74 and a 1-year high of $47.25. The company has a market cap of $2.56 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The stock’s 50 day moving average price is $34.64 and its 200 day moving average price is $35.15.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share (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 during the quarter. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was down 23.9% compared to the same quarter last year. On average, sell-side analysts predict that eToro Group will post 2.56 EPS for the current fiscal year.

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.