eToro Group (NASDAQ:ETOR) Given New $43.00 Price Target at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its target price raised by The Goldman Sachs Group from $39.00 to $43.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

ETOR has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a research report on Monday, February 23rd. Citizens Jmp boosted their price objective on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Bank of America reissued a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and a consensus price target of $56.56.

eToro Group Stock Up 3.5%

Shares of NASDAQ ETOR opened at $39.94 on Thursday. The stock has a market cap of $3.31 billion and a P/E ratio of 16.71. The firm has a 50 day moving average price of $35.32 and a 200 day moving average price of $34.53. 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 has a 52-week low of $24.74 and a 52-week high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The firm had revenue of $2.44 billion for the quarter. During the same period in the previous year, the firm posted $0.69 EPS. The business’s quarterly revenue was down 35.0% compared to the same quarter last year. Analysts expect that eToro Group will post 2.76 EPS for the current year.

Insider Activity at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the transaction, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ETOR. California State Teachers Retirement System grew its position in shares of eToro Group by 2.2% during the 1st quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock worth $460,000 after buying an additional 331 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares during the period. Royal Bank of Canada grew its position in shares of eToro Group by 6.0% during the 1st quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock worth $354,000 after buying an additional 668 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of eToro Group by 23.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock worth $130,000 after buying an additional 700 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the 4th quarter worth approximately $25,000.

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.