eToro Group Ltd. (NASDAQ:ETOR) Receives $70.76 Consensus Target Price from Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has earned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $66.1765.

A number of analysts have commented on the company. Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $50.00 to $55.00 in a research report on Wednesday. Keefe, Bruyette & Woods dropped their target price on eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 13th. Bank of America increased their price target on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday. Finally, Mizuho cut their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st.

Hedge Funds Weigh In On eToro Group

A number of institutional investors have recently modified their holdings of ETOR. Balyasny Asset Management L.P. purchased a new stake in shares of eToro Group in the second quarter worth about $43,397,000. Adage Capital Partners GP L.L.C. acquired a new position in eToro Group in the second quarter valued at approximately $33,812,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in eToro Group in the 2nd quarter worth approximately $28,048,000. Nikko Asset Management Americas Inc. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $27,875,000. Finally, Marshall Wace LLP purchased a new position in shares of eToro Group during the 2nd quarter valued at approximately $17,360,000.

eToro Group Trading Up 0.2%

Shares of eToro Group stock opened at $41.33 on Thursday. The company’s 50 day moving average is $40.49. The firm has a market cap of $3.39 billion and a price-to-earnings ratio of 33.06. eToro Group has a 12-month low of $32.66 and a 12-month high of $79.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter.

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.