eToro Group Ltd. (NASDAQ:ETOR) Stock Has Average Price Target of $46.33

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received a consensus rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.00.

Several equities research analysts have weighed in on the stock. Needham & Company LLC decreased their price target on shares of eToro Group from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Bank of America reissued a “neutral” rating on shares of eToro Group in a research report on Monday, October 5th. Wall Street Zen downgraded eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research downgraded eToro Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, TD Cowen decreased their price objective on eToro Group from $35.00 to $33.00 and set a “buy” rating for the company in a report on Monday, October 12th.

Insider Buying and Selling at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the transaction, the director directly owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. This trade represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On eToro Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in eToro Group by 109.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock valued at $28,000 after buying an additional 578 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in eToro Group by 42.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,590 shares of the company’s stock valued at $41,000 after buying an additional 476 shares during the last quarter. Finally, State of Wyoming increased its stake in eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after buying an additional 1,242 shares during the last quarter.

eToro Group Stock Down 0.3%

Shares of ETOR opened at $23.61 on Thursday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.68 and a beta of 1.79. eToro Group has a 52 week low of $23.12 and a 52 week high of $44.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. The stock has a fifty day moving average of $27.55 and a 200-day moving average of $32.77.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $1.59 billion during the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business’s revenue was down 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. As a group, sell-side analysts anticipate that eToro Group will post 2.28 earnings per share for the current fiscal year.

eToro Group Company Profile

eToro Group Ltd. (NASDAQ: ETOR) operates a global, multi-asset investment and trading platform. Its services enable users to invest in stocks, exchange-traded funds, cryptocurrencies and other instruments, with product availability varying by jurisdiction and local regulations. In certain markets, eToro also offers contracts for difference and other leveraged products.

The company is known for combining online brokerage services with social-investing features. Users can view and discuss investment activity, follow other investors and use CopyTrader to automatically replicate the strategies of selected investors.