eToro Group (NASDAQ:ETOR) Cut to “Hold” at Zacks Research

eToro Group (NASDAQ:ETOR) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Compass Point initiated coverage on shares of eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 target price on the stock. The Goldman Sachs Group downgraded eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Monday, January 5th. UBS Group reduced their target price on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Canaccord Genuity Group reissued a “buy” rating and issued a $78.00 price target on shares of eToro Group in a research note on Tuesday, November 11th. Finally, Mizuho cut 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, October 1st. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.71.

eToro Group Stock Performance

NASDAQ ETOR opened at $31.20 on Monday. 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 fifty-two week low of $30.90 and a fifty-two week high of $79.96. The business has a fifty day moving average of $37.60 and a 200-day moving average of $44.51. The stock has a market cap of $2.56 billion and a price-to-earnings ratio of 16.86.

eToro Group (NASDAQ:ETOR) last released its earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

Institutional Trading of eToro Group

A number of institutional investors and hedge funds have recently bought and sold shares of ETOR. American Century Companies Inc. purchased a new stake in shares of eToro Group in the second quarter worth about $6,665,000. Guild Investment Management Inc. acquired a new stake in eToro Group in the second quarter valued at approximately $1,468,000. Federated Hermes Inc. acquired a new stake in eToro Group in the second quarter valued at approximately $11,320,000. Norges Bank purchased a new stake in shares of eToro Group during the second quarter valued at approximately $16,315,000. Finally, TD Asset Management Inc acquired a new position in shares of eToro Group during the second quarter worth $7,499,000.

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.