eToro Group (NASDAQ:ETOR) Director Sells $3,120,000.00 in Stock

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the completion of the transaction, the director owned 196,779 shares of the company’s stock, valued at $6,139,504.80. The trade was a 33.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

eToro Group Stock Performance

Shares of ETOR stock opened at $31.85 on Thursday. The firm’s 50 day moving average is $35.25 and its 200 day moving average is $35.09. The stock has a market capitalization of $2.64 billion, a P/E ratio of 11.97, a PEG ratio of 0.78 and a beta of 1.64. eToro Group Ltd. has a 12 month low of $24.74 and a 12 month high of $47.70. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02.

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 analysts’ consensus estimates of $0.61 by $0.07. The business 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 firm’s quarterly revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, sell-side analysts anticipate that eToro Group Ltd. will post 2.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 727 shares in the last quarter. State of Wyoming increased its holdings in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 555 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of eToro Group during the 3rd quarter valued at $124,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETOR. Susquehanna dropped their price objective on eToro Group from $57.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, August 13th. TD Cowen decreased their price target on eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. UBS Group lowered their price target on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Canaccord Genuity Group cut their price objective on shares of eToro Group from $65.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, Weiss Ratings lowered shares of eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

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.