eToro Group (NASDAQ:ETOR) Trading Down 6.4% - Here's What Happened

eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) shares dropped 6.4% during trading on Friday . The stock traded as low as $58.55 and last traded at $59.37. Approximately 798,052 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,664,152 shares. The stock had previously closed at $63.41.

Wall Street Analyst Weigh In

ETOR has been the topic of a number of recent research reports. Wall Street Zen raised eToro Group to a "hold" rating in a report on Tuesday, May 27th. Jefferies Financial Group assumed coverage on shares of eToro Group in a research note on Monday, June 9th. They issued a "buy" rating and a $80.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on shares of eToro Group in a research report on Monday, June 9th. They set a "market perform" rating and a $65.00 target price for the company. Mizuho began coverage on shares of eToro Group in a research report on Monday, June 9th. They issued an "outperform" rating and a $80.00 price target on the stock. Finally, Bank of America started coverage on shares of eToro Group in a research report on Monday, June 9th. They set a "neutral" rating and a $71.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

eToro Group Trading Down 4.4%

eToro Group (NASDAQ:ETOR - Get Free Report) last issued 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 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.

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.