eToro Group (NASDAQ:ETOR) Price Target Raised to $51.00

Key Points

• Jefferies raised its price target on eToro Group from $48 to $51 and maintains a "buy" rating, implying about a 68.14% upside from the current share price.
• Analyst sentiment is broadly positive with a consensus "Moderate Buy" rating and an average target of $56.13, though individual targets range from the mid-$50s to as high as $65 (after some recent downgrades and cuts).
• eToro recently reported an EPS beat ($0.71 vs. $0.60 estimate) on $3.87 billion revenue; the stock trades around $30.33 with a PE of 13.68 and market cap of $2.48 billion.

eToro Group (NASDAQ:ETOR - Get Free Report) had its price target boosted by research analysts at Jefferies Financial Group from $48.00 to $51.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 68.14% from the stock's current price.

Other research analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a "buy" rating and set a $58.00 price target on shares of eToro Group in a research report on Wednesday, February 18th. Zacks Research downgraded eToro Group from a "strong-buy" rating to a "hold" rating in a report on Monday, January 12th. Bank of America reaffirmed a "neutral" rating on shares of eToro Group in a report on Wednesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $52.00 price target on shares of eToro Group in a research report on Monday, February 23rd. Finally, Canaccord Genuity Group decreased their price target on shares of eToro Group from $78.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $56.13.

eToro Group Stock Performance

ETOR traded up $0.45 on Monday, reaching $30.33. The company had a trading volume of 321,769 shares, compared to its average volume of 1,345,326. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96. The stock has a market capitalization of $2.48 billion and a PE ratio of 13.68. The stock has a 50-day moving average price of $29.93 and a 200-day moving average price of $35.09.

eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The company had revenue of $3.87 billion for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ETOR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the fourth quarter worth $25,000. Blue Trust Inc. acquired a new position in eToro Group in the 4th quarter valued at $42,000. Newbridge Financial Services Group Inc. raised its position in eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company's stock worth $74,000 after buying an additional 555 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of eToro Group by 194.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company's stock worth $101,000 after acquiring an additional 1,631 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of eToro Group in the 3rd quarter worth $124,000.

eToro Group Company Profile

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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