Keefe, Bruyette & Woods Cuts eToro Group (NASDAQ:ETOR) Price Target to $35.00

eToro Group (NASDAQ:ETOR) had its target price dropped by research analysts at Keefe, Bruyette & Woods from $45.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 24.96% from the stock’s current price.

ETOR has been the topic of several other reports. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Canaccord Genuity Group reiterated a “buy” rating and issued a $65.00 target price on shares of eToro Group in a research note on Tuesday, June 9th. UBS Group lowered their target price on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday. Needham & Company LLC dropped their price target on shares of eToro Group from $66.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Mizuho cut their price target on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.27.

eToro Group Stock Down 4.5%

ETOR traded down $1.32 during midday trading on Wednesday, reaching $28.01. 1,604,802 shares of the company were exchanged, compared to its average volume of 1,165,057. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.68. eToro Group has a one year low of $24.74 and a one year high of $51.88. The company’s fifty day moving average price is $37.98 and its 200 day moving average price is $34.95. 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 (NASDAQ:ETOR) last posted its earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, analysts expect that eToro Group will post 2.81 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction dated 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 transaction, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. The trade was a 25.20% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On eToro Group

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of eToro Group by 2.2% during the 1st quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock valued at $460,000 after buying an additional 331 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in eToro Group by 45.1% in the 3rd 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 during the last quarter. Royal Bank of Canada raised its stake in eToro Group by 6.0% in the 1st quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock valued at $354,000 after acquiring an additional 668 shares during the period. Public Employees Retirement System of Ohio raised its stake in 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 valued at $130,000 after acquiring an additional 700 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group during the fourth quarter valued at about $25,000.

More eToro Group News

Here are the key news stories impacting eToro Group this week:

• Positive Sentiment: eToro reported second-quarter adjusted EPS of $0.68, exceeding the $0.61 consensus estimate. The company also highlighted record assets under administration, funded-account growth and opportunities to expand its U.S. presence. Reuters earnings and TradeZero article
• Positive Sentiment: Analysts remain broadly constructive despite reducing their estimates. Mizuho cut its price target to $52 while retaining an “outperform” rating; Cantor Fitzgerald and Needham lowered targets to $53 while maintaining “overweight” and “buy” ratings, respectively. These targets imply substantial potential upside from recent trading levels. Mizuho analyst note Cantor Fitzgerald analyst note
• Neutral Sentiment: UBS lowered its price target from $50 to $35 and moved to a “neutral” rating, signaling more cautious expectations. The reduction appears tied to lower earnings or EBITDA assumptions rather than a complete change in the long-term growth outlook. Benzinga analyst coverage
• Negative Sentiment: The proposed acquisition of U.S.-focused online brokerage TradeZero, valued at up to $231 million in cash and stock, raised investor concerns about execution, integration costs and capital allocation. The deal is intended to accelerate U.S. expansion, but it overshadowed the earnings beat. Business Insider TradeZero article
• Negative Sentiment: Reported revenue declined 23.9% year over year, while net margin was only 1.9%. The mixed results suggest that profitability exceeded expectations, but operating momentum remains a concern for investors.

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.