eToro Group Ltd. (NASDAQ:ETOR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $66.1765.

A number of analysts have weighed in on ETOR shares. Zacks Research upgraded eToro Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $78.00 price target on shares of eToro Group in a research report on Tuesday, November 11th. UBS Group decreased their price objective on eToro Group from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, November 11th. Finally, Citigroup reduced their target price on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th.

eToro Group Stock Down 0.7%

Shares of eToro Group stock opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 4.63. The stock has a market cap of $2.95 billion and a price-to-earnings ratio of 19.43. The firm’s 50-day moving average is $38.59 and its two-hundred day moving average is $47.47. eToro Group has a 1 year low of $32.66 and a 1 year high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The firm had revenue of $214.60 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IFP Advisors Inc purchased a new position in eToro Group during the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. increased its stake in shares of eToro Group by 45.1% in the third 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 period. Jones Financial Companies Lllp raised its holdings in shares of eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after purchasing an additional 1,631 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the second quarter valued at $120,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in eToro Group in the third quarter valued at $124,000.

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.