eToro Group (NASDAQ:ETOR - Get Free Report) released its earnings results on Tuesday. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.05, Briefing.com reports. The company's quarterly revenue was up 13.3% on a year-over-year basis.
eToro Group Trading Up 4.0%
ETOR opened at $57.50 on Tuesday. The company has a 50-day moving average of $61.52. eToro Group has a 1 year low of $52.88 and a 1 year high of $79.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76.
Analyst Ratings Changes
A number of brokerages have issued reports on ETOR. Susquehanna cut their price objective on shares of eToro Group from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Needham & Company LLC assumed coverage on eToro Group in a research report on Monday, June 9th. They issued a "buy" rating and a $80.00 price target for the company. Bank of America began coverage on eToro Group in a research report on Monday, June 9th. They issued a "neutral" rating and a $71.00 price target for the company. JMP Securities began coverage on eToro Group in a research report on Monday, June 9th. They set a "market outperform" rating and a $85.00 target price for the company. Finally, UBS Group began coverage on eToro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $70.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.63.
Check Out Our Latest Report on eToro Group
About eToro Group
(
Get Free Report)
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.
Read More
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.
Before you consider eToro Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eToro Group wasn't on the list.
While eToro Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access