eToro Group (NASDAQ:ETOR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.
Several other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of eToro Group from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. KeyCorp dropped their price target on eToro Group from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, October 16th. TD Cowen reduced their price objective on eToro Group from $33.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday. The Goldman Sachs Group increased their target price on eToro Group from $32.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, September 9th. Finally, Cantor Fitzgerald lowered their target price on eToro Group from $48.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.25.
Read Our Latest Report on ETOR
eToro Group Stock Performance
Shares of NASDAQ:ETOR opened at $22.50 on Friday. The business's fifty day moving average price is $25.60 and its two-hundred day moving average price is $32.26. eToro Group has a fifty-two week low of $21.30 and a fifty-two week high of $44.21. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.29 and a quick ratio of 4.02.
eToro Group (NASDAQ:ETOR - Get Free Report) last issued its earnings results on Tuesday, November 10th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). eToro Group had a net margin of 2.34% and a return on equity of 17.17%. The firm had revenue of $1.49 billion during the quarter. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, analysts predict that eToro Group will post 2.28 EPS for the current fiscal year.
Insider Activity at eToro Group
In related news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the completion of the sale, the director directly owned 196,779 shares of the company's stock, valued at $6,139,504.80. The trade was a 33.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hedge Funds Weigh In On eToro Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company's stock worth $28,000 after buying an additional 727 shares during the period. Nisa Investment Advisors LLC raised its position in shares of eToro Group by 109.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company's stock valued at $28,000 after acquiring an additional 578 shares during the period. Asset Management One Co. Ltd. boosted its stake in eToro Group by 42.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,590 shares of the company's stock worth $41,000 after acquiring an additional 476 shares during the last quarter. State of Wyoming boosted its stake in eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company's stock worth $58,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in eToro Group during the third quarter valued at approximately $53,000.
eToro Group News Roundup
Investors following ETOR have been watching these news items:
About eToro Group
(
Get Free Report)
eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user's location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company's features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.
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