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

Key Points

• Cantor Fitzgerald lowered eToro’s price target from $61 to $53 while maintaining an “overweight” rating, implying roughly 80.7% upside from the prior close.
• Analyst sentiment remains generally positive: eToro has a consensus “Moderate Buy” rating from 16 analysts, with an average price target of $55.
• eToro beat quarterly earnings expectations with EPS of $0.68 versus a $0.61 consensus, although revenue declined 23.9% year over year. Company insiders, including a director and the CEO, also recently sold shares.

eToro Group (NASDAQ:ETOR - Get Free Report) had its target price reduced by research analysts at Cantor Fitzgerald from $61.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 80.70% from the stock's previous close.

ETOR has been the subject of a number of other research reports. Needham & Company LLC increased their price objective on eToro Group from $58.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Zacks Research lowered shares of eToro Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. TD Cowen boosted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Susquehanna raised their target price on shares of eToro Group from $55.00 to $57.00 and gave the company a "positive" rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group lifted their target price on shares of eToro Group from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

eToro Group Stock Performance

eToro Group stock opened at $29.33 on Wednesday. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $56.48. The stock's 50 day simple moving average is $37.98 and its two-hundred day simple moving average is $34.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.74 and a beta of 1.68.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.59 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm's revenue was down 23.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. As a group, analysts expect that eToro Group will post 2.81 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On eToro Group

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company's stock valued at $28,000 after purchasing an additional 727 shares in the last quarter. State of Wyoming lifted its holdings in shares of eToro Group by 180.0% during the first quarter. State of Wyoming now owns 1,932 shares of the company's stock valued at $58,000 after purchasing an additional 1,242 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company's stock valued at $74,000 after buying an additional 555 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in eToro Group in the 3rd quarter worth about $124,000.

More eToro Group News

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

• Positive Sentiment: Profit and revenue exceeded estimates. eToro reported adjusted diluted earnings of $0.68 per share, above the $0.61 consensus, while reported revenue of approximately $229 million also surpassed expectations. EPS increased from $0.56 in the year-ago quarter. Reuters earnings report
• Positive Sentiment: Operating momentum remained favorable. Management highlighted record assets under administration, growth in funded accounts and increased customer activity. CEO Yoni Assia also said customers are increasingly using artificial-intelligence agents to trade around the clock, potentially expanding engagement and transaction revenue over time. eToro Q2 earnings call highlights
• Positive Sentiment: TradeZero could accelerate U.S. expansion. eToro agreed to acquire U.S.-focused online brokerage TradeZero in a cash-and-stock transaction valued at up to $231 million. The deal would broaden eToro’s U.S. offering and could improve its competitive position in equities and options trading. TradeZero acquisition announcement
• Neutral Sentiment: Management is emphasizing digital assets and international growth. The earnings presentation and call focused on customer expansion, cryptocurrency activity and product development, but the long-term financial impact of these initiatives remains uncertain. eToro Q2 results presentation
• Negative Sentiment: Investors reacted negatively to the acquisition’s cost and risks. The transaction requires up to $231 million and may increase integration expenses, dilute shareholders through the stock component and divert management attention. Shares fell sharply following the announcement despite the earnings beat. eToro shares and TradeZero acquisition
• Negative Sentiment: Revenue declined year over year. Quarterly revenue was reported down 23.9% from the prior-year period, tempering the earnings beat and raising concerns about the sustainability of growth, particularly if trading activity or cryptocurrency volumes weaken. eToro Q2 earnings and revenue report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source