Brokerages Set eToro Group Ltd. (NASDAQ:ETOR) Target Price at $66.18

Shares of eToro Group Ltd. (NASDAQ:ETOR) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.1765.

Several research firms have commented on ETOR. UBS Group lowered their price objective on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, November 11th. Bank of America lifted their price objective on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Compass Point began coverage on shares of eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 target price on the stock. Finally, Needham & Company LLC cut their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th.

eToro Group Stock Performance

ETOR opened at $35.86 on Friday. The company has a market cap of $2.94 billion and a P/E ratio of 19.38. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $38.56 and its 200-day moving average price is $46.94. eToro Group has a 52-week low of $32.66 and a 52-week high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $214.60 million during the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in eToro Group by 49.3% during the third quarter. Capital World Investors now owns 877,969 shares of the company’s stock worth $36,234,000 after purchasing an additional 289,719 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in eToro Group in the second quarter valued at approximately $43,397,000. Wellington Management Group LLP raised its holdings in eToro Group by 11.0% during the third quarter. Wellington Management Group LLP now owns 555,601 shares of the company’s stock worth $22,930,000 after purchasing an additional 55,195 shares in the last quarter. UBS Group AG raised its holdings in eToro Group by 136.6% during the third quarter. UBS Group AG now owns 534,375 shares of the company’s stock worth $22,054,000 after purchasing an additional 308,525 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of eToro Group by 24.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 523,143 shares of the company’s stock worth $21,590,000 after buying an additional 101,938 shares during the last quarter.

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.