Susquehanna Has Lowered Expectations for eToro Group (NASDAQ:ETOR) Stock Price

Key Points

• Susquehanna cut its eToro price target from $46 to $39 but maintained a positive rating; the new target implies about 69.6% upside from the prior close.
• Analyst opinions are mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $41, with nine Buy, four Hold, and two Sell ratings.
• eToro reported quarterly EPS of $0.26, slightly below the $0.27 consensus estimate; EPS was down from $0.53 in the same quarter last year.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price target dropped by investment analysts at Susquehanna from $46.00 to $39.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 69.64% from the stock's previous close.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group raised their price objective on eToro Group from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Wednesday, September 9th. Zacks Research cut eToro Group from a "hold" rating to a "strong sell" rating in a research note on Monday, October 26th. Canaccord Genuity Group reduced their price objective on shares of eToro Group from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday. Wall Street Zen lowered shares of eToro Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Mizuho set a $33.00 price objective on eToro Group in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $41.00.

eToro Group Stock Performance

Shares of ETOR opened at $22.99 on Thursday. The company has a market cap of $1.90 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.67 and a beta of 1.84. The firm has a 50-day moving average of $25.99 and a 200-day moving average of $32.35. eToro Group has a one year low of $21.30 and a one year high of $44.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). eToro Group had a net margin of 2.34% and a return on equity of 17.19%. The firm had revenue of $1.49 billion during the quarter. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, equities analysts forecast that eToro Group will post 2.28 earnings per share for the current year.

Insider Activity

In other 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 value of $3,120,000.00. Following the transaction, the director owned 196,779 shares in the company, valued at approximately $6,139,504.80. This trade represents a 33.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of eToro Group

Large investors have recently bought and sold shares of the business. Ibex Investors LLC raised its stake in eToro Group by 2.9% during the third quarter. Ibex Investors LLC now owns 1,050,000 shares of the company's stock worth $26,985,000 after acquiring an additional 30,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company's stock valued at $30,552,000 after purchasing an additional 110,998 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of eToro Group by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 666,388 shares of the company's stock valued at $26,302,000 after purchasing an additional 12,441 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of eToro Group during the 2nd quarter valued at approximately $22,134,000. Finally, Altshuler Shaham Ltd increased its position in eToro Group by 1.5% during the 1st quarter. Altshuler Shaham Ltd now owns 350,717 shares of the company's stock worth $10,532,000 after purchasing an additional 5,077 shares in the last quarter.

Latest eToro Group News

Investors following ETOR have been watching these news items:

• Positive Sentiment: Funded accounts increased 18% year over year to 4.39 million, and management announced a $250 million share repurchase program—potentially signaling confidence in the business and returning capital to shareholders. Article: eToro: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained Buy ratings despite reducing price targets after results: Susquehanna cut its target to $39, TD Cowen to $26, Needham to $45, and Canaccord to $40. The continued Buy ratings suggest some analysts still see upside. Article: Susquehanna Lowers eToro Price Target
• Neutral Sentiment: Management cited record assets and a crypto rebound, which could support future activity, though the quarter’s results show the recovery has not yet translated into stronger profits. Article: eToro Q3 Earnings Call Highlights

eToro Group Company Profile

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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