eToro Group Ltd. (NASDAQ:ETOR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• eToro Group Ltd. has received a consensus rating of "Hold" from 17 ratings firms, with one sell, seven hold, and nine buy recommendations.
• The average 12-month price target for eToro shares is $73.1875, with targets ranging from $70 to $85 set by various analysts.
• eToro reported earnings per share of $0.56 for the last quarter, exceeding expectations and showing a 13.3% year-over-year revenue growth.

Shares of eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) have received a consensus rating of "Hold" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $73.1875.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of eToro Group in a report on Monday, June 9th. They issued a "hold" rating and a $70.00 price objective for the company. Bank of America initiated coverage on shares of eToro Group in a report on Monday, June 9th. They set a "neutral" rating and a $71.00 price target for the company. Jefferies Financial Group initiated coverage on shares of eToro Group in a report on Monday, June 9th. They set a "buy" rating and a $80.00 price target for the company. TD Cowen initiated coverage on shares of eToro Group in a report on Monday, June 9th. They set a "buy" rating and a $80.00 price target for the company. Finally, JMP Securities initiated coverage on shares of eToro Group in a report on Monday, June 9th. They set a "market outperform" rating and a $85.00 price target for the company.

eToro Group Trading Up 4.2%

Shares of eToro Group stock opened at $46.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. eToro Group has a 1 year low of $43.50 and a 1 year high of $79.96. The company's 50 day moving average is $58.11.

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

Institutional Investors Weigh In On eToro Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETOR. PFG Investments LLC purchased a new position in eToro Group during the 2nd quarter valued at $278,000. Hennessy Advisors Inc. purchased a new position in eToro Group during the 2nd quarter valued at $999,000. Meitav Investment House Ltd. purchased a new position in eToro Group during the 2nd quarter valued at $366,000. Guild Investment Management Inc. purchased a new position in eToro Group during the 2nd quarter valued at $1,468,000. Finally, IFP Advisors Inc purchased a new position in eToro Group during the 2nd quarter valued at $67,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.