eToro Group Ltd. (NASDAQ:ETOR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• eToro Group Ltd. has received a consensus rating of "Moderate Buy" from analysts, with eight recommending a hold and nine recommending a buy.
• The average 12-month price target for eToro's stock is $72.8750, with some firms adjusting their target prices between $60.00 and $85.00.
• In its latest earnings report, eToro Group reported earnings per share of $0.56, exceeding analysts' expectations and demonstrating a 13.3% year-over-year revenue growth.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen analysts that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $72.8750.

Several brokerages have weighed in on ETOR. Keefe, Bruyette & Woods lowered their target price on shares of eToro Group from $65.00 to $60.00 and set a "market perform" rating for the company in a research note on Wednesday, August 13th. Mizuho initiated coverage on shares of eToro Group in a research note on Monday, June 9th. They set an "outperform" rating and a $80.00 price objective for the company. Citigroup lowered their price objective on shares of eToro Group from $62.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Jefferies Financial Group assumed coverage on shares of eToro Group in a research note on Monday, June 9th. They set a "buy" rating and a $80.00 price objective for the company. Finally, TD Cowen assumed coverage on shares of eToro Group in a report on Monday, June 9th. They set a "buy" rating and a $80.00 target price for the company.

Institutional Trading of eToro Group

Several institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new stake in shares of eToro Group in the second quarter valued at about $43,397,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of eToro Group in the second quarter valued at about $33,812,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of eToro Group in the second quarter valued at about $28,048,000. Nikko Asset Management Americas Inc. acquired a new stake in shares of eToro Group in the second quarter valued at about $27,875,000. Finally, Marshall Wace LLP acquired a new stake in shares of eToro Group in the second quarter valued at about $17,360,000.

eToro Group Price Performance

Shares of NASDAQ ETOR traded up $0.22 during midday trading on Wednesday, reaching $44.15. 903,258 shares of the company's stock traded hands, compared to its average volume of 849,322. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The stock's 50 day moving average is $51.02. eToro Group has a one year low of $42.42 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. The business had revenue of $209.63 million for the quarter, compared to the consensus estimate of $194.60 million. The company's revenue was up 13.3% compared to the same quarter last year.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.