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

Key Points

• eToro Group Ltd. has received a consensus recommendation of "Moderate Buy" from 17 analysts, with 9 buy ratings and 8 hold recommendations.
• The company's average target price among analysts is $71.44, although recently some firms have lowered their price targets.
• eToro reported a quarterly earnings per share of $0.56, exceeding estimates, and achieved a revenue of $209.63 million, a 13.3% increase year-over-year.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $71.4375.

ETOR has been the topic of several research analyst reports. UBS Group cut their price target on shares of eToro Group from $70.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Needham & Company LLC dropped their price objective on shares of eToro Group from $80.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Canaccord Genuity Group restated a "buy" rating and issued a $78.00 price objective on shares of eToro Group in a research note on Thursday, September 11th. Mizuho dropped their price objective on shares of eToro Group from $80.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Finally, Zacks Research upgraded shares of eToro Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 9th.

eToro Group Trading Down 2.2%

Shares of NASDAQ:ETOR opened at $38.64 on Friday. The stock's fifty day moving average is $45.58. eToro Group has a 12 month low of $38.25 and a 12 month high of $79.96. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. The company's quarterly revenue was up 13.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ETOR. IFP Advisors Inc acquired a new position in eToro Group in the second quarter valued at $67,000. Newbridge Financial Services Group Inc. acquired a new position in eToro Group in the second quarter valued at $82,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the second quarter valued at about $120,000. SBI Securities Co. Ltd. purchased a new stake in shares of eToro Group in the second quarter valued at about $128,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of eToro Group in the second quarter valued at about $160,000.

eToro Group Company Profile

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