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

eToro Group Ltd. (NASDAQ:ETOR) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $60.6471.

ETOR has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $78.00 target price on shares of eToro Group in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, November 11th. TD Cowen reduced their target price on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Mizuho decreased their target price on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Citigroup cut their price target on eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th.

eToro Group Stock Up 2.7%

Shares of ETOR stock opened at $27.46 on Friday. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $79.96. The firm has a market capitalization of $2.25 billion and a PE ratio of 14.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. The stock’s 50-day simple moving average is $32.89 and its 200-day simple moving average is $39.75.

Institutional Investors Weigh In On eToro Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group during the 4th quarter valued at approximately $43,136,000. Balyasny Asset Management L.P. purchased a new position in eToro Group in the second quarter valued at $43,397,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of eToro Group in the second quarter worth about $33,812,000. Marex Group plc boosted its stake in shares of eToro Group by 291.3% during the 4th quarter. Marex Group plc now owns 605,205 shares of the company’s stock worth $21,261,000 after acquiring an additional 450,540 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of eToro Group during the 2nd quarter valued at about $28,048,000.

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.