Monograph Wealth Advisors LLC Makes New Investment in eToro Group Ltd. $ETOR

Monograph Wealth Advisors LLC bought a new position in eToro Group Ltd. (NASDAQ:ETOR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,225 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETOR. Russell Investments Group Ltd. purchased a new stake in eToro Group in the 2nd quarter worth approximately $669,000. Invesco Ltd. acquired a new position in shares of eToro Group during the 2nd quarter worth $15,392,000. Nebula Research & Development LLC acquired a new position in shares of eToro Group during the 2nd quarter worth $272,000. Squarepoint Ops LLC acquired a new position in shares of eToro Group during the 2nd quarter worth $1,270,000. Finally, Raymond James Financial Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth $1,333,000.

eToro Group Stock Performance

NASDAQ:ETOR opened at $38.52 on Friday. eToro Group Ltd. has a 1 year low of $24.74 and a 1 year high of $68.66. The firm’s fifty day simple moving average is $37.49 and its 200 day simple moving average is $34.60. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.19 billion and a PE ratio of 16.12.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business had revenue of $2.44 billion for the quarter. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s quarterly revenue was down 35.0% compared to the same quarter last year. On average, sell-side analysts anticipate that eToro Group Ltd. will post 2.76 EPS for the current year.

Insiders Place Their Bets

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at $865,654. This represents a 72.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the 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 completion of the sale, the director directly owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

ETOR has been the topic of several analyst reports. Needham & Company LLC increased their price target on shares of eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group restated a “buy” rating and set a $65.00 price target on shares of eToro Group in a research note on Tuesday. The Goldman Sachs Group increased their price target on shares of eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Susquehanna increased their price target on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group increased their price target on shares of eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.80.

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.