Etoro Group (NASDAQ:ETOR) Shares Down 5.2% - Here's What Happened

Etoro Group Ltd. (NASDAQ:ETOR - Get Free Report) traded down 5.2% during trading on Tuesday . The company traded as low as $71.54 and last traded at $72.02. 1,186,116 shares traded hands during trading, a decline of 27% from the average session volume of 1,615,522 shares. The stock had previously closed at $75.97.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of Etoro Group in a research report on Monday. They set a "neutral" rating and a $70.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Etoro Group in a research report on Monday. They set a "buy" rating and a $76.00 price target on the stock. Susquehanna assumed coverage on shares of Etoro Group in a research report on Monday. They set a "neutral" rating and a $70.00 price target on the stock. Bank of America assumed coverage on shares of Etoro Group in a research report on Monday. They set a "neutral" rating and a $71.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Etoro Group in a research report on Monday. They set a "buy" rating and a $80.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.88.

Etoro Group Trading Down 4.1%

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