eToro Group (NASDAQ:ETOR) Shares Down 5% - Here's Why

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report)'s stock price traded down 5% on Friday . The company traded as low as $63.92 and last traded at $64.00. 358,904 shares changed hands during trading, a decline of 78% from the average session volume of 1,631,132 shares. The stock had previously closed at $67.36.

Analyst Ratings Changes

Several analysts have recently issued reports on ETOR shares. Citigroup started coverage on shares of eToro Group in a research report on Monday, June 9th. They issued a "neutral" rating and a $72.00 target price on the stock. Wall Street Zen upgraded eToro Group to a "hold" rating in a report on Tuesday, May 27th. Keefe, Bruyette & Woods started coverage on eToro Group in a research note on Monday, June 9th. They set a "market perform" rating and a $65.00 price objective for the company. Canaccord Genuity Group initiated coverage on eToro Group in a research report on Monday, June 9th. They issued a "buy" rating and a $78.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on eToro Group in a research report on Monday, June 9th. They set a "buy" rating and a $80.00 price target for the company. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, eToro Group presently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

eToro Group Trading Up 3.1%

The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter. The company had revenue of $3.76 billion during the quarter.

About eToro Group

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.