eToro Group (NASDAQ:ETOR) Stock Gets Price Target Cut from KeyCorp

eToro Group (NASDAQ:ETOR) had its price target lowered by KeyCorp from $45.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms also recently issued reports on ETOR. Susquehanna dropped their price objective on shares of eToro Group from $51.00 to $46.00 and set a “positive” rating on the stock in a report on Tuesday, October 13th. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. TD Cowen reduced their target price on shares of eToro Group from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Wall Street Zen cut eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $53.00 target price on shares of eToro Group in a research note on Tuesday, September 15th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

eToro Group Stock Performance

Shares of eToro Group stock opened at $24.39 on Friday. The company’s fifty day simple moving average is $28.46 and its 200-day simple moving average is $34.39. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.64 and a beta of 1.79. 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 has a 1 year low of $24.09 and a 1 year high of $44.21.

eToro Group (NASDAQ:ETOR) last announced its earnings results 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 business 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 company’s revenue was down 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. As a group, sell-side analysts expect that eToro Group will post 2.48 EPS for the current year.

Insider Buying and Selling

In other news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was 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 owned 196,779 shares in the company, valued at $6,139,504.80. This trade represents a 33.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On eToro Group

A number of institutional investors have recently added to or reduced their stakes in ETOR. Tidal Investments LLC increased its stake in shares of eToro Group by 1.9% during 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 during the last quarter. Whetstone Capital Advisors LLC raised its holdings in shares of eToro Group by 36.8% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 190,284 shares of the company’s stock valued at $7,511,000 after purchasing an additional 51,197 shares during the period. Wellington Management Group LLP acquired a new stake in eToro Group in the 2nd quarter valued at about $22,134,000. Public Employees Retirement System of Ohio bought a new position in eToro Group during the second quarter worth about $939,000. Finally, Segall Bryant & Hamill LLC acquired a new position in eToro Group during the first quarter worth approximately $2,775,000.

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.