eToro Group Ltd. (NASDAQ:ETOR) Given Average Recommendation of "Moderate Buy" by Analysts

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $75.63.

A number of research firms have commented on ETOR. TD Cowen began 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. Wall Street Zen upgraded eToro Group to a "hold" rating in a report on Tuesday, May 27th. JMP Securities initiated coverage on eToro Group in a report on Monday, June 9th. They set a "market outperform" rating and a $85.00 price target on the stock. Citizens Jmp initiated coverage on shares of eToro Group in a research note on Monday, June 9th. They issued an "outperform" rating and a $85.00 price objective on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of eToro Group in a research note on Monday, June 9th. They issued a "buy" rating and a $78.00 price objective on the stock.

eToro Group Trading Down 2.4%

Shares of NASDAQ ETOR traded down $1.42 during trading on Tuesday, reaching $58.54. 266,840 shares of the stock were exchanged, compared to its average volume of 1,416,445. eToro Group has a twelve month low of $52.88 and a twelve month high of $79.96. The business's 50-day moving average price is $62.25. 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 released its quarterly earnings results on Tuesday, June 10th. The company reported $0.69 EPS for the quarter. The firm had revenue of $3.76 billion for the quarter.

Hedge Funds Weigh In On eToro Group

Institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $28,048,000. ARK Investment Management LLC acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $16,516,000. TD Asset Management Inc acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $7,499,000. Guild Investment Management Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $1,468,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $999,000.

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.