UBS Group Has Lowered Expectations for eToro Group (NASDAQ:ETOR) Stock Price

eToro Group (NASDAQ:ETOR) had its price objective reduced by UBS Group from $35.00 to $26.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s price objective would suggest a potential upside of 17.07% from the stock’s current price.

Other equities research analysts have also issued reports about the company. TD Cowen lowered their price target on eToro Group from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings downgraded shares of eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen lowered shares of eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. KeyCorp lowered their target price on shares of eToro Group from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, The Goldman Sachs Group raised their price target on shares of eToro Group from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, eToro Group presently has a consensus rating of “Hold” and an average target price of $40.25.

eToro Group Stock Down 3.4%

NASDAQ ETOR traded down $0.78 during trading hours on Thursday, hitting $22.21. The company’s stock had a trading volume of 417,756 shares, compared to its average volume of 1,178,592. eToro Group has a 52 week low of $21.30 and a 52 week high of $44.21. The company has a market capitalization of $1.84 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $25.99 and its two-hundred day simple moving average is $32.35.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). eToro Group had a return on equity of 17.19% and a net margin of 2.34%. The company had revenue of $1.49 billion for the quarter. During the same period in the prior year, the company earned $0.53 earnings per share. Research analysts anticipate that eToro Group will post 2.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Shalev Eddy sold 100,000 shares of the business’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 sale, the director directly owned 196,779 shares in the company, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On eToro Group

Several large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after buying an additional 110,998 shares during the period. Ibex Investors LLC raised its holdings in eToro Group by 2.9% during the 3rd quarter. Ibex Investors LLC now owns 1,050,000 shares of the company’s stock valued at $26,985,000 after acquiring an additional 30,000 shares during the period. Tidal Investments LLC lifted its position in shares of eToro Group by 1.9% during the second quarter. Tidal Investments LLC now owns 666,388 shares of the company’s stock worth $26,302,000 after acquiring an additional 12,441 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of eToro Group during the second quarter worth $22,134,000. Finally, Altshuler Shaham Ltd boosted its holdings in shares of eToro Group by 1.5% in the first quarter. Altshuler Shaham Ltd now owns 350,717 shares of the company’s stock worth $10,532,000 after acquiring an additional 5,077 shares during the period.

eToro Group News Roundup

Here’s some of the latest news about ETOR:

• Positive Sentiment: eToro’s funded accounts grew 18% year over year to 4.39 million, and management announced a $250 million share repurchase program. These point to customer growth and potential support for the stock. EToro: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Susquehanna cut its target to $39 from $46 but kept a positive rating; Cantor Fitzgerald lowered its target to $37 from $48 and maintained an overweight rating. Other firms also reduced targets while retaining buy ratings, reflecting more cautious expectations but continued optimism about potential upside. Susquehanna Lowers eToro Price Target
• Negative Sentiment: Third-quarter adjusted EPS was $0.26, below analysts’ estimates, while adjusted net income fell sharply year over year. Revenue was $1.49 billion, and reports cited a crypto-market slump as a factor weighing on results. The earnings miss and profit decline have contributed to selling pressure. eToro Group Slides After Q3 Earnings Disappoint on Crypto Slump

eToro Group Company Profile

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.