Analysts Set eToro Group Ltd. (NASDAQ:ETOR) Price Target at $66.18

Shares of eToro Group Ltd. (NASDAQ:ETOR) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $66.1765.

Several equities analysts have recently issued reports on ETOR shares. Citigroup reduced their target price on eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Bank of America boosted their price objective on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. The Goldman Sachs Group cut their target price on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Needham & Company LLC reduced their price target on shares of eToro Group from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th.

Hedge Funds Weigh In On eToro Group

Several large investors have recently made changes to their positions in ETOR. Capital World Investors raised its stake in shares of eToro Group by 49.3% in the third quarter. Capital World Investors now owns 877,969 shares of the company’s stock worth $36,234,000 after purchasing an additional 289,719 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of eToro Group during the second quarter valued at $43,397,000. Wellington Management Group LLP increased its holdings in eToro Group by 11.0% in the 3rd quarter. Wellington Management Group LLP now owns 555,601 shares of the company’s stock worth $22,930,000 after buying an additional 55,195 shares in the last quarter. UBS Group AG raised its position in eToro Group by 136.6% in the 3rd quarter. UBS Group AG now owns 534,375 shares of the company’s stock worth $22,054,000 after buying an additional 308,525 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in eToro Group by 24.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 523,143 shares of the company’s stock valued at $21,590,000 after acquiring an additional 101,938 shares during the period.

eToro Group Stock Performance

eToro Group stock opened at $35.86 on Friday. The firm has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $46.94. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. eToro Group has a twelve month low of $32.66 and a twelve month high of $79.96. The company has a market capitalization of $2.94 billion and a PE ratio of 19.38.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The company had revenue of $214.60 million for the quarter.

eToro Group Company Profile

eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.