eToro Group Ltd. $ETOR Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its stake in shares of eToro Group Ltd. (NASDAQ:ETOR) by 24.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 523,143 shares of the company’s stock after buying an additional 103,788 shares during the period. Amova Asset Management Americas Inc.’s holdings in eToro Group were worth $21,553,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. acquired a new position in eToro Group in the second quarter valued at approximately $6,665,000. Federated Hermes Inc. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $11,320,000. Norges Bank purchased a new position in shares of eToro Group during the 2nd quarter valued at approximately $16,315,000. Farther Finance Advisors LLC acquired a new position in shares of eToro Group in the 3rd quarter valued at $1,996,000. Finally, Fortress Investment Group LLC purchased a new stake in eToro Group during the second quarter worth $8,324,000.

Analyst Upgrades and Downgrades

ETOR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, November 11th. Canaccord Genuity Group cut their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Citigroup reduced their price target on eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $58.00 price objective on shares of eToro Group in a report on Wednesday, February 18th. Finally, UBS Group reduced their price objective on shares of eToro Group from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.44.

eToro Group Price Performance

eToro Group stock opened at $32.64 on Thursday. The company has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $37.42. The firm has a market capitalization of $2.67 billion and a price-to-earnings ratio of 14.70. The company has a quick ratio of 4.63, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $3.87 billion for the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.

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.