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

eToro Group Ltd. (NASDAQ:ETOR) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.80.

ETOR has been the topic of a number of research reports. Susquehanna raised their price target on eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a research note on Monday, February 23rd. Wall Street Zen downgraded eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research upgraded eToro Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Citizens Jmp raised their price target on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 13th.

Insiders Place Their Bets

In related news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This represents a 72.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On eToro Group

A number of institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. raised its holdings in eToro Group by 61.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock worth $59,716,000 after purchasing an additional 760,654 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after purchasing an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in eToro Group by 47.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after purchasing an additional 401,697 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock worth $30,552,000 after purchasing an additional 110,998 shares during the period. Finally, Invesco Ltd. raised its holdings in eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after purchasing an additional 967,392 shares during the period.

eToro Group Stock Performance

ETOR stock opened at $39.09 on Friday. The company has a market cap of $3.24 billion and a P/E ratio of 16.36. eToro Group has a 1 year low of $24.74 and a 1 year high of $68.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. The stock’s fifty day moving average price is $38.22 and its 200-day moving average price is $34.51.

eToro Group (NASDAQ:ETOR) last released its quarterly 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 firm had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s quarterly revenue was down 35.0% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. On average, equities analysts forecast that eToro Group will post 2.76 earnings per share for the current year.

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.