eToro Group (NASDAQ:ETOR) Given New $60.00 Price Target at Keefe, Bruyette & Woods

Key Points

• eToro Group's price target has been lowered from $65.00 to $60.00 by analysts at Keefe, Bruyette & Woods, who maintain a "market perform" rating on the stock.
• Despite the price cut, there is still a potential upside of 18.25% based on the stock's previous close.
• The stock currently has a consensus rating of "Moderate Buy" with a consensus target price of $75.06.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price target decreased by analysts at Keefe, Bruyette & Woods from $65.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 25.97% from the company's previous close.

A number of other research analysts also recently commented on the company. UBS Group initiated coverage on eToro Group in a research note on Monday, June 9th. They set a "neutral" rating and a $70.00 price objective for the company. Canaccord Genuity Group initiated coverage on eToro Group in a report on Monday, June 9th. They issued a "buy" rating and a $78.00 price objective for the company. Cantor Fitzgerald began coverage on eToro Group in a report on Monday, June 9th. They set an "overweight" rating and a $84.00 target price for the company. Mizuho began coverage on eToro Group in a research note on Monday, June 9th. They issued an "outperform" rating and a $80.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on eToro Group in a research note on Monday, June 9th. They issued a "buy" rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, eToro Group currently has an average rating of "Hold" and a consensus target price of $73.19.

eToro Group Stock Performance

eToro Group stock traded down $0.51 during midday trading on Wednesday, hitting $47.63. 530,326 shares of the company were exchanged, compared to its average volume of 1,366,915. The stock has a fifty day simple moving average of $60.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. eToro Group has a fifty-two week low of $46.03 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last announced 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 business had revenue of $209.63 million during the quarter, compared to analyst estimates of $194.60 million. The firm's revenue for the quarter was up 13.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ETOR. IFP Advisors Inc bought a new stake in eToro Group during the 2nd quarter valued at approximately $67,000. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. bought a new position in shares of eToro Group during the 2nd quarter worth approximately $128,000. TD Waterhouse Canada Inc. bought a new position in shares of eToro Group during the 2nd quarter worth approximately $160,000. Finally, BNP Paribas Financial Markets acquired a new stake in eToro Group during the 2nd quarter valued at $184,000.

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.