eToro Group (NASDAQ:ETOR) Stock Price Down 5.5% – Time to Sell?

eToro Group Ltd. (NASDAQ:ETOR) traded down 5.5% during trading on Thursday . The company traded as low as $38.39 and last traded at $38.50. 388,271 shares were traded during trading, a decline of 69% from the average session volume of 1,236,579 shares. The stock had previously closed at $40.76.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of eToro Group from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Needham & Company LLC dropped their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and increased their price target for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, November 11th. Finally, Compass Point began coverage on shares of eToro Group in a report on Monday, October 13th. They set a “buy” rating and a $66.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and a consensus target price of $66.18.

eToro Group Trading Down 3.7%

The stock has a market capitalization of $3.22 billion and a P/E ratio of 21.23. The stock’s fifty day moving average price is $39.35 and its two-hundred day moving average price is $49.36. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter.

Institutional Investors Weigh In On eToro Group

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc purchased a new stake in eToro Group in the second quarter worth about $67,000. Newbridge Financial Services Group Inc. increased its stake in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after acquiring an additional 555 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the second quarter valued at $120,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of eToro Group during the third quarter valued at approximately $124,000.

About eToro Group

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.