Shalev Eddy Sells 100,000 Shares of eToro Group (NASDAQ:ETOR) Stock

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

eToro Group Stock Down 2.2%

ETOR opened at $39.81 on Wednesday. The company has a fifty day moving average price of $34.05 and a 200-day moving average price of $34.32. The firm has a market capitalization of $3.30 billion and a P/E ratio of 16.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. eToro Group Ltd. has a one year low of $24.74 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The firm had revenue of $2.44 billion during 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 quarter last year, the firm earned $0.69 earnings per share. Equities research analysts expect that eToro Group Ltd. will post 2.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ETOR shares. Susquehanna lifted their price objective on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, May 13th. 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 research note on Wednesday, May 13th. The Goldman Sachs Group reduced their price target on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Canaccord Genuity Group reduced their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

Institutional Inflows and Outflows

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