Etoro Group (NASDAQ:ETOR) Shares Gap Down - Time to Sell?

Etoro Group Ltd. (NASDAQ:ETOR - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $64.17, but opened at $60.82. Etoro Group shares last traded at $61.73, with a volume of 190,443 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ETOR shares. Mizuho started coverage on shares of Etoro Group in a research note on Monday, June 9th. They set an "outperform" rating and a $80.00 price objective on the stock. Citizens Jmp began 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 for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Etoro Group in a research report on Monday, June 9th. They set a "hold" rating and a $70.00 price target for the company. Wall Street Zen raised shares of Etoro Group to a "hold" rating in a research report on Tuesday, May 27th. Finally, Citigroup began coverage on shares of Etoro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $72.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $75.88.

Etoro Group Price Performance

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

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.