eToro Group Ltd. (NASDAQ:ETOR) Stock Has Consensus Price Target of $49.56

Key Points

• Analysts maintain a Moderate Buy consensus on eToro Group, with 11 buy, 6 hold and 1 sell rating among 18 analysts. The average 12-month price target is $49.56, well above the stock’s reported $26.39 price.
• Several firms recently lowered their price targets, including TD Cowen to $35, Mizuho to $43 and Needham to $53, while maintaining buy or outperform ratings.
• eToro exceeded quarterly EPS expectations, reporting $0.68 versus the $0.61 consensus, though revenue fell 23.9% year over year to $1.59 billion. Director Shalev Eddy also sold 100,000 shares, reducing his position by 33.7%.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eighteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $49.56.

ETOR has been the topic of a number of research analyst reports. TD Cowen decreased their price target on eToro Group from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Mizuho dropped their price objective on shares of eToro Group from $52.00 to $43.00 and set an "outperform" rating for the company in a research note on Friday, September 18th. Canaccord Genuity Group reissued a "buy" rating and issued a $53.00 target price on shares of eToro Group in a research report on Tuesday, September 15th. Needham & Company LLC lowered their target price on shares of eToro Group from $66.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Finally, KeyCorp assumed coverage on shares of eToro Group in a research report on Tuesday, September 1st. They set an "overweight" rating and a $45.00 price target for the company.

Insider Buying and Selling at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of the business's 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in eToro Group by 1.9% during the second quarter. Tidal Investments LLC now owns 666,388 shares of the company's stock worth $26,302,000 after acquiring an additional 12,441 shares during the last quarter. Whetstone Capital Advisors LLC lifted its stake in shares of eToro Group by 36.8% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 190,284 shares of the company's stock valued at $7,511,000 after purchasing an additional 51,197 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of eToro Group during the 2nd quarter worth about $22,134,000. Public Employees Retirement System of Ohio acquired a new stake in eToro Group during the 2nd quarter worth approximately $939,000. Finally, Segall Bryant & Hamill LLC purchased a new position in eToro Group in the first quarter valued at approximately $2,775,000.

eToro Group Price Performance

ETOR stock opened at $26.39 on Friday. eToro Group has a 52-week low of $24.74 and a 52-week high of $44.21. The stock's fifty day simple moving average is $31.85 and its 200-day simple moving average is $34.86. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.65 and a beta of 1.64.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The business had revenue of $1.59 billion during the quarter. During the same period in the prior year, the firm earned $0.56 EPS. eToro Group's revenue for the quarter was down 23.9% on a year-over-year basis. Equities research analysts expect that eToro Group will post 2.53 EPS for the current year.

eToro Group Company Profile

eToro Group Ltd. is a global trading and investment platform that operates the eToro online brokerage and social investing network. Founded in 2007 by Yoni Assia, Ronen Assia and David Ring, the company is designed to give individual investors access to financial markets through digital platforms.

eToro's services include trading and investing in stocks, exchange-traded funds and cryptocurrencies, with product availability varying by jurisdiction. In certain markets, the platform also offers contracts for difference and other investment products.

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