eToro Group (NASDAQ:ETOR) Price Target Lowered to $85.00 at Citizens Jmp

Key Points

• Citizens Jmp cut its price target on eToro from $90 to $85 but kept a "market outperform" rating, with that target implying a potential 165.13% upside from the current share price.
• Analyst sentiment is mixed but leans positive: ten Buy and seven Hold ratings produce a consensus of Moderate Buy with an average target of $54.56, amid divergent broker moves (e.g., Goldman cut to $31, Jefferies raised to $51).
• eToro shares opened at $32.06 with a market cap of $2.63B and a P/E of 14.44, and the company recently beat quarterly estimates with EPS $0.71 versus $0.60 and revenue of $3.87B.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price objective dropped by investment analysts at Citizens Jmp from $90.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. Citizens Jmp's price target suggests a potential upside of 165.13% from the stock's current price.

A number of other research analysts have also weighed in on ETOR. The Goldman Sachs Group reduced their target price on eToro Group from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Jefferies Financial Group lifted their target price on eToro Group from $48.00 to $51.00 and gave the company a "buy" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $58.00 target price on shares of eToro Group in a report on Wednesday, February 18th. TD Cowen reduced their target price on eToro Group from $54.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, January 14th. Finally, Mizuho reduced their target price on eToro Group from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, eToro Group has a consensus rating of "Moderate Buy" and an average target price of $54.56.

eToro Group Stock Up 3.3%

ETOR stock opened at $32.06 on Friday. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.63 billion and a PE ratio of 14.44. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The stock has a 50-day simple moving average of $29.90 and a two-hundred day simple moving average of $34.85.

eToro Group (NASDAQ:ETOR - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.11. The business had revenue of $3.87 billion during the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.

Institutional Trading of eToro Group

A number of large investors have recently modified their holdings of ETOR. Russell Investments Group Ltd. bought a new stake in shares of eToro Group during the 2nd quarter valued at about $669,000. Invesco Ltd. bought a new stake in shares of eToro Group during the 2nd quarter valued at about $15,392,000. Nebula Research & Development LLC bought a new stake in shares of eToro Group during the 2nd quarter valued at about $272,000. Squarepoint Ops LLC bought a new stake in shares of eToro Group during the 2nd quarter valued at about $1,270,000. Finally, Soros Fund Management LLC bought a new stake in shares of eToro Group during the 2nd quarter valued at about $10,654,000.

About eToro Group

eToro Group Ltd. NASDAQ: ETOR is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.

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