eToro Group Ltd. (NASDAQ:ETOR) Stock Has Average Price Target of $49.56

eToro Group Ltd. (NASDAQ:ETOR) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $49.56.

Several research analysts have weighed in on ETOR shares. Needham & Company LLC decreased 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, August 12th. Keefe, Bruyette & Woods reduced their price objective on eToro Group from $45.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, August 12th. KeyCorp assumed coverage on eToro Group in a research report on Tuesday, September 1st. They set an “overweight” rating and a $45.00 price objective on the stock. TD Cowen cut their price objective on eToro Group from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Zacks Research lowered shares of eToro Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th.

Insider Buying and Selling at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the transaction, the director directly owned 196,779 shares in the company, valued at $6,139,504.80. This represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in eToro Group by 61.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock valued at $59,716,000 after acquiring an additional 760,654 shares during the period. Capital World Investors grew its position in shares of 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in eToro Group by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock valued at $30,552,000 after purchasing an additional 110,998 shares during the period. Tidal Investments LLC lifted its holdings in eToro Group by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock worth $26,302,000 after purchasing an additional 12,441 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in eToro Group in the 2nd quarter worth approximately $22,134,000.

eToro Group Price Performance

NASDAQ ETOR opened at $25.42 on Friday. eToro Group has a 52 week low of $24.74 and a 52 week high of $44.21. The firm has a market capitalization of $2.11 billion, a P/E ratio of 9.56, a PEG ratio of 0.63 and a beta of 1.79. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $30.70 and a 200-day moving average price of $34.68.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business’s quarterly revenue was down 23.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. Equities research analysts anticipate that eToro Group will post 2.53 earnings per share for the current year.

eToro Group Company Profile

eToro Group Ltd. is a global trading and investment platform that combines online brokerage services with social investing features. Through its platform, customers can access a range of financial instruments, including stocks, exchange-traded funds, cryptocurrencies and, in certain jurisdictions, contracts for difference and other leveraged products. Product availability varies according to local regulations.

Founded in 2007, eToro developed a community-oriented approach to investing that allows users to view other members’ portfolios and trading activity.