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

eToro Group (NASDAQ:ETOR) had its price target decreased by equities research analysts at Cantor Fitzgerald from $66.00 to $50.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 60.26% from the company’s current price.

Several other brokerages also recently issued reports on ETOR. Mizuho reduced their price objective on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. The Goldman Sachs Group downgraded eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Monday, January 5th. Citigroup decreased their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, November 11th. Finally, Needham & Company LLC cut their target price on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.71.

eToro Group Trading Down 2.4%

NASDAQ ETOR opened at $31.20 on Monday. The firm’s 50 day moving average price is $37.60 and its two-hundred day moving average price is $44.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. eToro Group has a twelve month low of $30.90 and a twelve month high of $79.96. The stock has a market cap of $2.56 billion and a price-to-earnings ratio of 16.86.

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

Institutional Investors Weigh In On eToro Group

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in shares of eToro Group during the 2nd quarter worth $6,665,000. Guild Investment Management Inc. bought a new position in eToro Group in the 2nd quarter worth $1,468,000. Federated Hermes Inc. acquired a new position in eToro Group during the 2nd quarter worth $11,320,000. Norges Bank bought a new stake in eToro Group during the second quarter valued at about $16,315,000. Finally, TD Asset Management Inc bought a new stake in eToro Group during the second quarter valued at about $7,499,000.

eToro Group Company 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.