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

Key Points

• eToro Group's stock hit a new 52-week low, trading as low as $37.55 before closing at $38.40.
• Analysts have mixed views on eToro Group, with a consensus rating of "Moderate Buy" and an average price target of $70.76, despite some decreasing their price targets significantly.
• The company reported a 13.3% year-over-year revenue increase, with quarterly earnings per share of $0.56, surpassing consensus estimates.

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $37.55 and last traded at $38.40, with a volume of 41782 shares trading hands. The stock had previously closed at $38.53.

Analyst Ratings Changes

A number of analysts recently issued reports on ETOR shares. Compass Point began coverage on shares of eToro Group in a research note on Monday. They issued a "buy" rating and a $66.00 price target for the company. UBS Group dropped their target price on eToro Group from $70.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Keefe, Bruyette & Woods decreased their target price on eToro Group from $65.00 to $60.00 and set a "market perform" rating for the company in a research report on Wednesday, August 13th. Citigroup reduced their price objective on eToro Group from $62.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, The Goldman Sachs Group dropped their price objective on eToro Group from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, eToro Group presently has a consensus rating of "Moderate Buy" and an average price target of $70.76.

eToro Group Trading Down 2.5%

The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. The firm's fifty day moving average price is $44.09.

eToro Group (NASDAQ:ETOR - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $194.60 million. The company's revenue was up 13.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ETOR. PFG Investments LLC acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $278,000. Hennessy Advisors Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $999,000. Meitav Investment House Ltd. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $366,000. Guild Investment Management Inc. acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $1,468,000. Finally, IFP Advisors Inc acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $67,000.

eToro Group Company Profile

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