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eToro Group (NASDAQ:ETOR) Price Target Lowered to $62.00 at Citigroup

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Key Points

  • Citigroup reduced its price target for eToro Group from $72.00 to $62.00 while maintaining a "neutral" rating, indicating potential upside from the current stock price.
  • eToro Group's stock is currently trading at approximately $48.33, significantly below its twelve-month high of $79.96, with a consensus target price among analysts of $73.94.
  • The company recently reported quarterly earnings of $0.56 per share, surpassing estimates, with revenue of $209.63 million, reflecting a 13.3% year-over-year increase.
  • Looking to export and analyze eToro Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price target decreased by analysts at Citigroup from $72.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target indicates a potential upside of 28.28% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Redburn Atlantic began coverage on shares of eToro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $68.00 target price for the company. Bank of America began coverage on shares of eToro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $71.00 target price for the company. UBS Group began coverage on shares of eToro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $70.00 target price for the company. Susquehanna cut their target price on shares of 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, JMP Securities initiated coverage on shares of eToro Group in a research report on Monday, June 9th. They issued a "market outperform" rating and a $85.00 price objective for the company. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, eToro Group has a consensus rating of "Moderate Buy" and a consensus target price of $73.94.

Get Our Latest Stock Report on ETOR

eToro Group Price Performance

eToro Group stock traded down $2.41 during mid-day trading on Wednesday, reaching $48.33. 1,968,615 shares of the company's stock were exchanged, compared to its average volume of 1,363,349. eToro Group has a twelve month low of $47.37 and a twelve month high of $79.96. The stock's fifty day simple moving average is $61.24. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. The business had revenue of $209.63 million for the quarter, compared to analysts' expectations of $194.60 million. eToro Group's quarterly revenue was up 13.3% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in eToro Group in the second quarter valued at $67,000. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group in the second quarter valued at $120,000. SBI Securities Co. Ltd. acquired a new stake in shares of eToro Group during the second quarter worth $128,000. TD Waterhouse Canada Inc. acquired a new stake in shares of eToro Group during the second quarter worth $160,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of eToro Group during the second quarter worth $248,000.

eToro Group Company Profile

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Analyst Recommendations for eToro Group (NASDAQ:ETOR)

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