Guild Investment Management Inc. Purchases Shares of 22,050 eToro Group Ltd. $ETOR

Key Points

• Guild Investment Management Inc. has acquired 22,050 shares of eToro Group Ltd., valued at approximately $1,468,000, making it the firm's 29th biggest position.
• eToro Group reported $0.56 earnings per share for the quarter, surpassing the consensus estimate of $0.51 and showing a revenue increase of 13.3% year-over-year.
• Equities analysts have issued mixed ratings on eToro Group, with a consensus rating of "Moderate Buy" and an average target price of $71.44.

Guild Investment Management Inc. purchased a new stake in eToro Group Ltd. (NASDAQ:ETOR - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,050 shares of the company's stock, valued at approximately $1,468,000. eToro Group comprises 1.3% of Guild Investment Management Inc.'s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently made changes to their positions in ETOR. PFG Investments LLC acquired a new position in shares of eToro Group in the 2nd quarter valued at $278,000. Hennessy Advisors Inc. acquired a new position in shares of eToro Group in the 2nd quarter valued at $999,000. Finally, Meitav Investment House Ltd. acquired a new position in shares of eToro Group in the 2nd quarter valued at $366,000.

eToro Group Stock Performance

NASDAQ:ETOR opened at $40.52 on Wednesday. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09. The company's fifty day simple moving average is $46.80. eToro Group Ltd. has a twelve month low of $39.02 and a twelve month high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last posted its earnings results 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 analyst estimates of $194.60 million. The business's revenue for the quarter was up 13.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ETOR shares. Needham & Company LLC decreased their price target on shares of eToro Group from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Mizuho decreased their price target on shares of eToro Group from $80.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Citigroup decreased their price target on shares of eToro Group from $62.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. The Goldman Sachs Group reduced their target price on shares of eToro Group from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of eToro Group from $65.00 to $60.00 and set a "market perform" rating on the stock in a report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $71.44.

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