eToro Group Ltd. (NASDAQ:ETOR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of eToro Group Ltd. (NASDAQ:ETOR) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $55.80.

ETOR has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. Zacks Research upgraded eToro Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. The Goldman Sachs Group lifted their target price on eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a $65.00 target price on shares of eToro Group in a report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods increased their price target on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th.

eToro Group Price Performance

eToro Group stock opened at $38.22 on Tuesday. 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 has a market cap of $3.17 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. The firm has a 50-day moving average of $39.47 and a two-hundred day moving average of $34.53. eToro Group has a 1 year low of $24.74 and a 1 year high of $65.95.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, topping 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 business had revenue of $2.44 billion for the quarter. During the same period last year, the business posted $0.69 earnings per share. The business’s revenue was down 35.0% compared to the same quarter last year. On average, research analysts forecast that eToro Group will post 2.79 earnings per share for the current year.

Insider Transactions at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at $865,654. This trade represents a 72.75% decrease in their position. 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in eToro Group during the second quarter valued at approximately $669,000. Invesco Ltd. purchased a new stake in eToro Group during the second quarter worth $15,392,000. Nebula Research & Development LLC purchased a new stake in eToro Group during the second quarter worth $272,000. Squarepoint Ops LLC bought a new stake in eToro Group during the 2nd quarter valued at $1,270,000. Finally, Raymond James Financial Inc. purchased a new position in shares of eToro Group in the 2nd quarter valued at $1,333,000.

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.