eToro Group (NASDAQ:ETOR) Stock Price Target Cut by Canaccord Genuity Group

Key Points

• Canaccord Genuity cut its eToro price target from $47 to $40 but maintained a Buy rating; the new target implies 85.53% upside from the price cited in the report.
• Analyst opinions are mixed: MarketBeat reports a consensus Hold rating and an average price target of $43.92, with nine Buy, four Hold, and two Sell ratings.
• eToro’s quarterly EPS of $0.26 missed estimates of $0.27 and fell from $0.53 a year earlier. The company also reported $1.49 billion in revenue, while funded accounts grew 18% year over year and management announced a $250 million share repurchase program.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price target cut by analysts at Canaccord Genuity Group from $47.00 to $40.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 85.53% from the company's current price.

A number of other equities analysts also recently issued reports on ETOR. Bank of America restated a "neutral" rating on shares of eToro Group in a research note on Monday, October 5th. Susquehanna reduced their price objective on eToro Group from $51.00 to $46.00 and set a "positive" rating for the company in a research report on Tuesday, October 13th. Weiss Ratings cut eToro Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. The Goldman Sachs Group increased their target price on eToro Group from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. Finally, TD Cowen dropped their target price on eToro Group from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.92.

eToro Group Price Performance

ETOR opened at $21.56 on Wednesday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.84. The stock has a fifty day simple moving average of $26.17 and a two-hundred day simple moving average of $32.40. eToro Group has a 12-month low of $21.30 and a 12-month high of $44.21.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced its earnings results on Tuesday, November 10th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). The business had revenue of $1.49 billion for the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. During the same quarter in the previous year, the business posted $0.53 EPS. Research analysts predict that eToro Group will post 2.28 earnings per share for the current fiscal year.

Insider Buying and Selling at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the transaction, the director owned 196,779 shares in the company, valued at $6,139,504.80. This trade represents a 33.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On eToro Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. grew its holdings in eToro Group by 61.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company's stock valued at $59,716,000 after purchasing an additional 760,654 shares during the period. Arrowstreet Capital Limited Partnership increased its position in eToro Group by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company's stock worth $30,552,000 after buying an additional 110,998 shares in the last quarter. Ibex Investors LLC increased its position in eToro Group by 2.9% in the third quarter. Ibex Investors LLC now owns 1,050,000 shares of the company's stock worth $26,985,000 after buying an additional 30,000 shares in the last quarter. Tidal Investments LLC raised its stake in shares of eToro Group by 1.9% in the second quarter. Tidal Investments LLC now owns 666,388 shares of the company's stock worth $26,302,000 after buying an additional 12,441 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of eToro Group in the second quarter worth about $22,134,000.

Key Stories Impacting eToro Group

Here are the key news stories impacting eToro Group this week:

• Positive Sentiment: Funded accounts increased 18% year over year to 4.39 million, indicating continued growth in the platform’s user base. Management also announced a $250 million share repurchase program, which could support demand for shares. eToro Q3 2026 results
• Negative Sentiment: Third-quarter EPS was $0.26, below analyst expectations, while revenue was $1.49 billion. EPS fell from $0.53 in the year-earlier quarter, and reports attributed the disappointing results in part to weakness in crypto markets; one report said adjusted net income declined 60%. The earnings miss and profit decline are likely weighing on sentiment. eToro Q3 earnings and crypto slump

About eToro Group

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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