eToro Group Ltd. (NASDAQ:ETOR) Receives Consensus Rating 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.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has earned a consensus rating of "Hold" from the seventeen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $73.1875.

A number of equities analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of eToro Group in a report on Monday, June 9th. They issued a "neutral" rating and a $68.00 price target on the stock. Needham & Company LLC cut their price target on shares of eToro Group from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Jefferies Financial Group initiated coverage on shares of eToro Group in a report on Monday, June 9th. They issued a "buy" rating and a $80.00 price target on the stock. Citigroup dropped their price objective on shares of eToro Group from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, August 13th. Finally, Citizens Jmp initiated coverage on shares of eToro Group in a report on Monday, June 9th. They set an "outperform" rating and a $85.00 price objective on the stock.

eToro Group Price Performance

ETOR traded down $0.12 during mid-day trading on Friday, reaching $44.40. 462,295 shares of the stock were exchanged, compared to its average volume of 944,281. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. The business has a 50 day moving average of $56.74. eToro Group has a 1 year low of $43.50 and a 1 year high of $79.96.

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

Institutional Investors Weigh In On eToro Group

Several institutional investors have recently added to or reduced their stakes in ETOR. PFG Investments LLC purchased a new stake in eToro Group during the second quarter valued at about $278,000. Hennessy Advisors Inc. bought a new position in eToro Group during the second quarter valued at approximately $999,000. Meitav Investment House Ltd. bought a new position in eToro Group during the second quarter valued at approximately $366,000. Guild Investment Management Inc. bought a new position in eToro Group during the second quarter valued at approximately $1,468,000. Finally, IFP Advisors Inc purchased a new stake in shares of eToro Group during the second quarter valued at approximately $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.