eToro Group (NASDAQ:ETOR) Given New $54.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has lowered eToro Group's price target from $60.00 to $54.00, while maintaining a "buy" rating, indicating a potential upside of 36.71% from the current stock price.
• Other analysts have also reduced their price targets; UBS downgraded it to $58.00, and Citigroup set a target of $57.00, with average rating hovering around "Moderate Buy" and a consensus price target of $70.76.
• eToro Group reported a quarterly earnings of $0.56 per share, exceeding expectations, with revenue increasing by 13.3% year-over-year to $209.63 million.

eToro Group (NASDAQ:ETOR - Get Free Report) had its target price decreased by investment analysts at The Goldman Sachs Group from $60.00 to $54.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 36.71% from the stock's current price.

Other equities research analysts have also issued research reports about the company. UBS Group lowered their price objective on eToro Group from $70.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Needham & Company LLC decreased their target price on eToro Group from $80.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Mizuho decreased their target price on eToro Group from $80.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st. Susquehanna reduced their price objective on eToro Group from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. Finally, Citigroup reduced their price objective on eToro Group from $62.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.76.

eToro Group Stock Performance

Shares of eToro Group stock traded up $0.14 during trading hours on Tuesday, reaching $39.50. The stock had a trading volume of 399,967 shares, compared to its average volume of 1,166,798. The business's 50 day simple moving average is $45.18. 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 $37.73 and a 1 year high of $79.96.

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

Institutional Investors Weigh In On eToro Group

A number of institutional investors and hedge funds have recently modified their holdings of ETOR. IFP Advisors Inc purchased a new position in shares of eToro Group during the second quarter valued at $67,000. Newbridge Financial Services Group Inc. purchased a new position in shares of eToro Group during the second quarter valued at $82,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group during the second quarter valued at $120,000. SBI Securities Co. Ltd. purchased a new position in shares of eToro Group during the second quarter valued at $128,000. Finally, TD Waterhouse Canada Inc. purchased a new position in eToro Group in the second quarter valued at about $160,000.

eToro Group Company Profile

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