Farther Finance Advisors LLC Takes Position in eToro Group Ltd. $ETOR

Farther Finance Advisors LLC acquired a new position in eToro Group Ltd. (NASDAQ:ETOR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 48,355 shares of the company’s stock, valued at approximately $1,996,000.

Several other large investors also recently added to or reduced their stakes in the business. IFP Advisors Inc bought a new position in eToro Group in the second quarter worth approximately $67,000. Newbridge Financial Services Group Inc. bought a new stake in shares of eToro Group during the 2nd quarter valued at $82,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the 2nd quarter worth $120,000. SBI Securities Co. Ltd. bought a new position in eToro Group in the 2nd quarter worth $128,000. Finally, TD Waterhouse Canada Inc. purchased a new position in eToro Group during the second quarter valued at $160,000.

Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC reduced their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Susquehanna upgraded shares of eToro Group from a “neutral” rating to a “positive” rating and raised their target price for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $78.00 price target on shares of eToro Group in a report on Tuesday, November 11th. Compass Point assumed coverage on shares of eToro Group in a research note on Monday, October 13th. They issued a “buy” rating and a $66.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Trading Down 0.3%

ETOR stock opened at $35.86 on Friday. eToro Group Ltd. has a 1-year low of $32.66 and a 1-year high of $79.96. 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 company has a market capitalization of $2.94 billion and a price-to-earnings ratio of 19.38. The business has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $47.19.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 for the quarter.

eToro Group Profile

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.