eToro Group (NASDAQ:ETOR) Hits New 1-Year Low – Here’s Why

eToro Group Ltd. (NASDAQ:ETOR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $26.24 and last traded at $26.54, with a volume of 1570193 shares changing hands. The stock had previously closed at $27.05.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen cut their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Needham & Company LLC cut their price objective on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a report on Monday, December 29th. Mizuho reduced their price objective on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Citigroup dropped their target price on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group cut shares of eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Monday, January 5th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.65.

eToro Group Trading Up 9.1%

The company has a 50-day moving average of $34.40 and a 200 day moving average of $40.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 4.63. The company has a market cap of $2.21 billion and a PE ratio of 14.60.

eToro Group (NASDAQ:ETOR) last posted 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. The business had revenue of $214.60 million during the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

Institutional Investors Weigh In On eToro Group

Several hedge funds and other institutional investors have recently made changes to their positions in ETOR. International Assets Investment Management LLC grew its holdings in eToro Group by 7.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock valued at $341,000 after purchasing an additional 550 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of eToro Group during the second quarter valued at approximately $67,000. Blue Trust Inc. bought a new position in shares of eToro Group during the fourth quarter valued at approximately $42,000. Finally, Jones Financial Companies Lllp raised its holdings 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 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.