eToro Group (NASDAQ:ETOR) Downgraded to “Neutral” Rating by The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $39.00 target price on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 9.30% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Needham & Company LLC lowered their target price on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Mizuho lowered their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Compass Point initiated coverage on shares of eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 target price on the stock. Zacks Research upgraded eToro Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, eToro Group has an average rating of “Moderate Buy” and an average price target of $64.71.

eToro Group Trading Up 1.6%

eToro Group stock opened at $35.68 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. eToro Group has a one year low of $32.66 and a one year high of $79.96. The stock has a market cap of $2.92 billion and a PE ratio of 19.29. The stock has a 50-day moving average of $38.22 and a two-hundred day moving average of $46.00.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in eToro Group during the 3rd quarter valued at $264,000. XTX Topco Ltd purchased a new position in eToro Group during the third quarter valued at approximately $1,752,000. Qube Research & Technologies Ltd purchased a new position in eToro Group in the third quarter valued at about $2,591,000. Public Employees Retirement System of Ohio bought a new stake in eToro Group in the third quarter worth approximately $124,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in eToro Group in the 3rd quarter worth approximately $1,169,000.

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.