eToro Group Ltd. (NASDAQ:ETOR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $55.8125.

ETOR has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Needham & Company LLC raised their price objective on shares of eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Jefferies Financial Group lifted their price objective on shares of eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Canaccord Genuity Group lowered their target price on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Citizens Jmp increased their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th.

eToro Group Stock Performance

Shares of ETOR opened at $40.85 on Monday. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $79.96. The business has a 50-day moving average of $34.59 and a 200 day moving average of $34.38. The firm has a market cap of $3.38 billion and a P/E ratio of 17.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. The business had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. eToro Group’s revenue for the quarter was down 35.0% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. As a group, research analysts forecast that eToro Group will post 2.76 EPS for the current year.

Insider Activity

In related news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the sale, the director directly owned 296,779 shares in the company, valued at approximately $12,245,101.54. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of eToro Group during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after buying an additional 727 shares in the last quarter. Blue Trust Inc. bought a new position in shares of eToro Group in the fourth quarter valued at approximately $42,000. State of Wyoming boosted its position in shares of eToro Group by 180.0% in the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after acquiring an additional 1,242 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares in the last quarter.

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.