Hennessy Advisors Inc. Takes $999,000 Position in eToro Group Ltd. $ETOR

Key Points

• Hennessy Advisors Inc. has acquired a new stake in eToro Group Ltd., purchasing 15,000 shares valued at approximately $999,000 during the second quarter.
• eToro Group's recent earnings report revealed an EPS of $0.56, surpassing analyst estimates, with a revenue of $209.63 million, a 13.3% increase compared to the previous year.
• Analysts have varied opinions on eToro Group's stock, with ratings ranging from a "strong sell" to "buy," and a current consensus rating of "Moderate Buy" along with an average target price of $71.44.

Hennessy Advisors Inc. bought a new stake in eToro Group Ltd. (NASDAQ:ETOR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,000 shares of the company's stock, valued at approximately $999,000.

Separately, PFG Investments LLC purchased a new stake in eToro Group during the second quarter worth about $278,000.

eToro Group Price Performance

NASDAQ:ETOR opened at $40.98 on Friday. The firm has a 50 day moving average price of $47.65. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. eToro Group Ltd. has a 1-year low of $39.02 and a 1-year high of $79.96.

eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $209.63 million for the quarter, compared to analyst estimates of $194.60 million. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ETOR shares. Zacks Research raised shares of eToro Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 9th. TD Cowen started coverage on shares of eToro Group in a report on Monday, June 9th. They set a "buy" rating and a $80.00 price objective on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Mizuho decreased their price objective on shares of eToro Group from $80.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, JMP Securities started coverage on shares of eToro Group in a report on Monday, June 9th. They set a "market outperform" rating and a $85.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.44.

eToro Group Company Profile

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