eToro Group Ltd. (NASDAQ:ETOR) Given Average Recommendation of “Moderate Buy” by Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $60.6471.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, November 11th. Bank of America raised their target price on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Compass Point initiated coverage on shares of eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 price target for the company. The Goldman Sachs Group lowered eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research report on Monday, January 5th. Finally, Mizuho decreased their target price on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in eToro Group by 7.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock worth $341,000 after buying an additional 550 shares during the period. Newbridge Financial Services Group Inc. lifted 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 in the last quarter. IFP Advisors Inc purchased a new position in eToro Group in the second quarter valued at about $67,000. Blue Trust Inc. acquired a new stake in eToro Group during the 4th quarter valued at approximately $42,000. Finally, Jones Financial Companies Lllp increased its holdings in eToro Group by 194.9% during the 3rd 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.

eToro Group Trading Up 0.2%

ETOR stock opened at $31.33 on Tuesday. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.57 billion and a price-to-earnings ratio of 16.94. The business has a fifty day simple moving average of $37.30 and a 200-day simple moving average of $43.58. eToro Group has a 52 week low of $30.67 and a 52 week high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly 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. The firm had revenue of $214.60 million during the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

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.