Sen. Sells Off Shares of eToro Group Ltd. (NASDAQ:ETOR)

Senator (Republican-Ohio) recently sold shares of eToro Group Ltd. (NASDAQ:ETOR). In a filing disclosed on May 22nd, the Senator disclosed that they had sold between $100,001 and $250,000 in eToro Group stock on May 6th.

eToro Group Stock Performance

NASDAQ ETOR opened at $40.85 on Tuesday. The company has a market cap of $3.38 billion and a price-to-earnings ratio of 17.09. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average is $34.80 and its 200 day moving average is $34.43.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. The business had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.eToro Group’s revenue for the quarter was down 35.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. As a group, sell-side analysts expect that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On eToro Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in shares of eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the period. Blue Trust Inc. acquired a new position in shares of eToro Group in the 4th quarter worth approximately $42,000. State of Wyoming boosted its stake in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 555 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the transaction, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETOR shares. Needham & Company LLC raised their price objective on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Citizens Jmp boosted their target price on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Bank of America restated a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. TD Cowen lifted their price target on shares of eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a research note on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and an average target price of $55.81.

About Senator

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.