eToro Group (NASDAQ:ETOR) Reaches New 1-Year Low - Should You Sell?

Key Points

• eToro Group Ltd. shares have reached a new 52-week low, trading as low as $43.50 before closing at $45.00 amid a trading volume of 128,912 shares.
• Despite the stock's decline, analysts maintain a generally positive outlook, with several firms issuing buy ratings and target prices ranging from $68.00 to $85.00.
• eToro reported earnings per share of $0.56 for the last quarter, surpassing estimates, and a year-over-year revenue growth of 13.3% to $209.63 million.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $43.50 and last traded at $45.00, with a volume of 128912 shares trading hands. The stock had previously closed at $44.40.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of eToro Group in a report on Monday, June 9th. They set a "buy" rating and a $80.00 target price for the company. JMP Securities assumed coverage on shares of eToro Group in a report on Monday, June 9th. They set a "market outperform" rating and a $85.00 target price for the company. Canaccord Genuity Group restated a "buy" rating and set a $78.00 target price on shares of eToro Group in a report on Monday, August 18th. Citizens Jmp assumed coverage on shares of eToro Group in a report on Monday, June 9th. They set an "outperform" rating and a $85.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of eToro Group from $78.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, eToro Group has a consensus rating of "Hold" and a consensus price target of $73.19.

eToro Group Price Performance

The stock's fifty day moving average is $56.12. 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 (NASDAQ:ETOR - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The business had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. The business's revenue for the quarter was up 13.3% on a year-over-year basis.

Institutional Trading of eToro Group

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in shares of eToro Group during the second quarter worth $1,270,000. Newbridge Financial Services Group Inc. bought a new position in shares of eToro Group during the second quarter worth about $82,000. Marex Group plc bought a new position in shares of eToro Group during the second quarter worth about $3,500,000. Nikko Asset Management Americas Inc. bought a new position in shares of eToro Group during the second quarter worth about $27,875,000. Finally, Ion Asset Management Ltd. bought a new position in eToro Group in the 2nd quarter valued at about $13,318,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.