eToro Group Ltd.'s Quiet Period Will End on June 23rd (NASDAQ:ETOR)

eToro Group's (NASDAQ:ETOR - Get Free Report) quiet period will expire on Monday, June 23rd. eToro Group had issued 11,923,018 shares in its initial public offering on May 14th. The total size of the offering was $619,996,936 based on an initial share price of $52.00. During the company's quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho started coverage on shares of eToro Group in a research note on Monday, June 9th. They set an "outperform" rating and a $80.00 target price for the company. Redburn Atlantic assumed coverage on eToro Group in a report on Monday, June 9th. They issued a "neutral" rating and a $68.00 price objective for the company. Citizens Jmp initiated coverage on eToro Group in a report on Monday, June 9th. They issued an "outperform" rating and a $85.00 target price on the stock. JMP Securities began coverage on eToro Group in a research report on Monday, June 9th. They issued a "market outperform" rating and a $85.00 target price on the stock. Finally, Canaccord Genuity Group started coverage on eToro Group in a research note on Monday, June 9th. They set a "buy" rating and a $78.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.88.

eToro Group Trading Up 6.7%

Shares of NASDAQ:ETOR traded up $3.98 during mid-day trading on Thursday, reaching $63.41. 1,618,412 shares of the company traded hands, compared to its average volume of 1,543,235. eToro Group has a 52 week low of $57.50 and a 52 week high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $3.76 billion for the quarter.

About eToro Group

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.