eToro Group Ltd. (NASDAQ:ETOR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Moderate Buy consensus from 17 analysts (10 buys, 7 holds) with an average 12‑month price target of $54.56.
• eToro beat quarterly expectations, reporting EPS of $0.71 versus $0.60 and revenue of $3.87 billion, while analysts forecast ~2.55 EPS for the current fiscal year.
• Shares opened at $35.75 with a market cap of $2.93 billion, a PE of 16.10, 50/200‑day SMAs of $32.22/$34.32, and a 12‑month range of $24.74–$79.96.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $54.5625.

Several equities research analysts have recently weighed in on ETOR shares. Canaccord Genuity Group decreased their price target on eToro Group from $78.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. The Goldman Sachs Group decreased their price target on eToro Group from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, March 26th. Needham & Company LLC reissued a "buy" rating and issued a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. Jefferies Financial Group increased their price target on eToro Group from $48.00 to $51.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Finally, Bank of America reissued a "neutral" rating on shares of eToro Group in a research note on Wednesday, February 18th.

Institutional Investors Weigh In On eToro Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of eToro Group during the 4th quarter valued at about $25,000. Blue Trust Inc. bought a new stake in shares of eToro Group during the 4th quarter valued at about $42,000. Newbridge Financial Services Group Inc. boosted its position in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company's stock valued at $74,000 after purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of eToro Group by 194.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company's stock valued at $101,000 after purchasing an additional 1,631 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of eToro Group during the 2nd quarter valued at about $184,000.

eToro Group Price Performance

Shares of ETOR opened at $35.75 on Thursday. The stock has a market cap of $2.93 billion and a PE ratio of 16.10. The business has a 50-day simple moving average of $32.22 and a two-hundred day simple moving average of $34.32. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group has a 12-month low of $24.74 and a 12-month high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The company had revenue of $3.87 billion during the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%. Analysts anticipate that eToro Group will post 2.55 earnings per share for the current fiscal year.

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.

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