Meitav Investment House Ltd. Makes New Investment in eToro Group Ltd. $ETOR

Meitav Investment House Ltd. acquired a new position in eToro Group Ltd. (NASDAQ:ETOR) during the first quarter, Holdings Channel reports. The firm acquired 12,900 shares of the company’s stock, valued at approximately $387,000.

Other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. raised its position in eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 555 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of eToro Group by 23.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock worth $130,000 after purchasing an additional 700 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group during the fourth quarter valued at approximately $25,000. Blue Trust Inc. bought a new stake in eToro Group during the fourth quarter worth approximately $42,000. Finally, BNP Paribas Financial Markets acquired a new position in eToro Group in the second quarter worth approximately $184,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ETOR shares. Citizens Jmp raised their price objective on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group boosted their target price on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Susquehanna increased their price target on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Needham & Company LLC lifted their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and a consensus price target of $55.80.

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This trade represents a 72.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares in the company, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their position. The SEC filing for this sale provides additional information.

eToro Group Trading Down 1.9%

NASDAQ ETOR opened at $40.51 on Wednesday. The firm’s 50 day moving average price is $39.21 and its two-hundred day moving average price is $34.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $65.95. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.95 and a beta of 1.64.

eToro Group (NASDAQ:ETOR) last released 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 return on equity of 19.79% and a net margin of 1.90%.The company had revenue of $2.44 billion during the quarter. During the same quarter in the previous year, the company earned $0.69 EPS. eToro Group’s revenue for the quarter was down 35.0% on a year-over-year basis. Equities analysts anticipate that eToro Group Ltd. will post 2.75 EPS for the current year.

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.