eToro Group (NASDAQ:ETOR) Reaches New 1-Year Low Following Analyst Downgrade

eToro Group Ltd. (NASDAQ:ETOR)’s stock price reached a new 52-week low during mid-day trading on Wednesday after TD Cowen lowered their price target on the stock from $54.00 to $50.00. TD Cowen currently has a buy rating on the stock. eToro Group traded as low as $30.90 and last traded at $31.20, with a volume of 1384075 shares trading hands. The stock had previously closed at $31.96.

ETOR has been the topic of a number of other reports. Mizuho decreased their price target on eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Bank of America lifted their target price on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Needham & Company LLC dropped their price target on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Citigroup lowered their price objective on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Finally, Cantor Fitzgerald cut their target price on eToro Group from $66.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, eToro Group presently has an average rating of “Moderate Buy” and an average target price of $60.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc purchased a new stake in shares of eToro Group in the second quarter worth $67,000. Newbridge Financial Services Group Inc. purchased a new stake in eToro Group during the 2nd quarter valued at about $82,000. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group during the 2nd quarter valued at about $120,000. SBI Securities Co. Ltd. bought a new stake in eToro Group during the 2nd quarter valued at about $128,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after buying an additional 1,631 shares in the last quarter.

eToro Group Trading Down 0.2%

The stock has a market cap of $2.56 billion and a PE ratio of 16.90. 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 stock’s fifty day moving average price is $37.50 and its 200 day moving average price is $44.33.

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

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.