eToro Group Ltd. (NASDAQ:ETOR) Receives $58.44 Average PT from Analysts

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $58.4375.

Several equities research analysts recently issued reports on ETOR shares. Mizuho cut their price target on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $58.00 price objective on shares of eToro Group in a report on Wednesday, February 18th. TD Cowen cut their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $52.00 target price on shares of eToro Group in a report on Monday, February 23rd. Finally, Canaccord Genuity Group decreased their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th.

eToro Group Trading Up 0.4%

ETOR stock opened at $30.11 on Wednesday. eToro Group has a 52 week low of $24.74 and a 52 week high of $79.96. The company has a market capitalization of $2.47 billion and a PE ratio of 13.56. The company’s 50-day simple moving average is $30.61 and its 200 day simple moving average is $36.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.89 and a current ratio of 4.89.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The business had revenue of $3.87 billion during the quarter.

Hedge Funds Weigh In On eToro Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of eToro Group by 67.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after acquiring an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in eToro Group by 47.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock valued at $43,573,000 after acquiring an additional 401,697 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in eToro Group during the fourth quarter valued at approximately $43,136,000. Invesco Ltd. raised its position in eToro Group by 14,120.4% during the fourth quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock valued at $34,225,000 after purchasing an additional 967,392 shares in the last quarter. Finally, Capital World Investors lifted its stake in eToro Group by 2.6% during the fourth quarter. Capital World Investors now owns 900,903 shares of the company’s stock worth $31,649,000 after purchasing an additional 22,934 shares during 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.