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

Key Points

• Analysts assign eToro a “Moderate Buy” consensus: Ten of 16 covering brokers recommend buying the stock, while six rate it a hold. The average 12-month price target is $55.80, well above the reported $35.24 share price.
• Recent analyst targets have varied, ranging from $38 at Keefe, Bruyette & Woods to $90 at Citizens JMP, reflecting differing views on eToro’s outlook.
• eToro exceeded quarterly earnings expectations with EPS of $0.91 versus a $0.70 consensus, but revenue fell 35% year over year to $2.44 billion. Separately, the CEO and a director disclosed substantial stock sales in May and June.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $55.80.

A number of research analysts recently commented on ETOR shares. Citizens Jmp boosted their price target on eToro Group from $85.00 to $90.00 and gave the stock a "market outperform" rating in a report on Wednesday, May 13th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $65.00 price objective on shares of eToro Group in a report on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their price objective on shares of eToro Group from $35.00 to $38.00 and gave the company a "market perform" rating in a research report on Wednesday, May 13th. TD Cowen boosted their target price on shares of eToro Group from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of eToro Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th.

Insider Buying and Selling at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Hedva Ber sold 55,160 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer owned 20,660 shares in the company, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of eToro Group

A number of large investors have recently added to or reduced their stakes in ETOR. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company's stock worth $28,000 after purchasing an additional 727 shares during the last quarter. Blue Trust Inc. purchased a new stake in eToro Group during the fourth quarter valued at $42,000. State of Wyoming raised its stake in 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. Finally, Newbridge Financial Services Group Inc. lifted its position in 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 purchasing an additional 555 shares during the last quarter.

eToro Group Price Performance

NASDAQ:ETOR opened at $35.24 on Friday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The business's 50-day simple moving average is $38.36 and its two-hundred day simple moving average is $34.91. The stock has a market cap of $2.92 billion, a PE ratio of 14.74, a P/E/G ratio of 0.77 and a beta of 1.68. eToro Group has a 52 week low of $24.74 and a 52 week high of $58.82.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion for the quarter. During the same quarter in the previous year, the firm earned $0.69 earnings per share. eToro Group's revenue was down 35.0% on a year-over-year basis. As a group, analysts forecast that eToro Group will post 2.81 EPS 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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