TD Cowen Increases eToro Group (NASDAQ:ETOR) Price Target to $52.00

eToro Group (NASDAQ:ETOR) had its price target raised by equities research analysts at TD Cowen from $44.00 to $52.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 28.11% from the company’s current price.

Several other research firms also recently commented on ETOR. Mizuho dropped their price objective on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Citizens Jmp upped their price objective on shares of eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday. Susquehanna upped their price objective on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, eToro Group presently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

eToro Group Stock Down 2.4%

NASDAQ:ETOR opened at $40.59 on Thursday. The company has a market cap of $3.36 billion and a PE ratio of 16.98. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a current ratio of 3.92, a quick ratio of 4.89 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $33.73 and its two-hundred day moving average is $34.33.

eToro Group (NASDAQ:ETOR) last released its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The company had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The firm’s revenue for the quarter was down 35.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. Analysts anticipate that eToro Group will post 2.75 EPS for the current year.

Institutional Trading of eToro Group

Hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC boosted its holdings in eToro Group by 56.1% during the third quarter. ARK Investment Management LLC now owns 387,164 shares of the company’s stock worth $15,978,000 after buying an additional 139,132 shares in the last quarter. Ibex Investors LLC purchased a new stake in eToro Group during the third quarter worth $1,663,000. Amova Asset Management Americas Inc. boosted its holdings in eToro Group by 24.7% during the third quarter. Amova Asset Management Americas Inc. now owns 523,143 shares of the company’s stock worth $21,553,000 after buying an additional 103,788 shares in the last quarter. Hillman Co. purchased a new stake in eToro Group during the fourth quarter worth $1,196,000. Finally, Exchange Traded Concepts LLC boosted its holdings in eToro Group by 89.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 135,060 shares of the company’s stock worth $4,745,000 after buying an additional 63,669 shares in 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.