eToro Group (NASDAQ:ETOR) Upgraded to Hold at Zacks Research

Key Points

• eToro Group has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a more optimistic outlook on the stock.
• The average price target for eToro Group shares is now $72.88, with several analysts giving mixed ratings, including nine "buy" ratings and eight "hold" ratings.
• In its last quarterly report, eToro Group reported an EPS of $0.56, beating expectations, and a revenue increase of 13.3% year-over-year, reaching $209.63 million.

eToro Group (NASDAQ:ETOR - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday, September 9th,Zacks.com reports.

Several other brokerages also recently commented on ETOR. Jefferies Financial Group assumed coverage on shares of eToro Group in a research note on Monday, June 9th. They issued a "buy" rating and a $80.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of eToro Group from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Susquehanna reduced their price target on shares of eToro Group from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Cantor Fitzgerald assumed coverage on shares of eToro Group in a research report on Monday, June 9th. They set an "overweight" rating and a $84.00 price target on the stock. Finally, Citizens Jmp assumed coverage on shares of eToro Group in a research report on Monday, June 9th. They set an "outperform" rating and a $85.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.88.

eToro Group Stock Down 1.0%

ETOR traded down $0.43 during midday trading on Tuesday, reaching $42.92. 268,681 shares of the company's stock were exchanged, compared to its average volume of 1,252,647. 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 has a one year low of $42.42 and a one year high of $79.96. The company's 50-day moving average is $52.32.

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

Institutional Trading of eToro Group

A number of large investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in eToro Group during the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. bought a new stake in eToro Group during the 2nd quarter worth approximately $82,000. Caitong International Asset Management Co. Ltd bought a new stake in eToro Group during the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. bought a new stake in eToro Group during the 2nd quarter worth approximately $128,000. Finally, TD Waterhouse Canada Inc. bought a new stake in eToro Group during the 2nd quarter worth approximately $160,000.

eToro Group Company Profile

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.