Hedva Ber Sells 55,160 Shares of eToro Group (NASDAQ:ETOR) Stock

eToro Group Ltd. (NASDAQ:ETOR) CEO Hedva Ber sold 55,160 shares of eToro Group stock in a transaction on Monday, June 1st. The shares were sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at $865,654. The trade was a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Trading Down 3.7%

Shares of NASDAQ ETOR opened at $39.19 on Thursday. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $36.22 and a 200-day simple moving average of $34.56. The stock has a market capitalization of $3.25 billion and a PE ratio of 16.40.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data 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 return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion during the quarter. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. On average, equities analysts forecast that eToro Group Ltd. will post 2.76 earnings per share for the current year.

Analyst Ratings Changes

ETOR has been the subject of a number of research reports. Susquehanna lifted their price objective on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. Jefferies Financial Group lifted their price objective on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Citizens Jmp lifted their price objective on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 13th. Needham & Company LLC lifted their price objective on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, TD Cowen lifted their price objective on eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after purchasing an additional 727 shares during the period. Blue Trust Inc. purchased a new position in eToro Group in the fourth quarter valued at $42,000. State of Wyoming boosted its holdings in 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 purchasing an additional 1,242 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in eToro Group by 45.1% in the third 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 period.

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.