eToro Group (NASDAQ:ETOR) Reaches New 12-Month Low – What’s Next?

eToro Group Ltd. (NASDAQ:ETOR)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $29.68 and last traded at $31.49, with a volume of 435446 shares. The stock had previously closed at $31.33.

Analyst Ratings Changes

Several research firms recently weighed in on ETOR. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, November 11th. Compass Point started coverage on shares of eToro Group in a research report on Monday, October 13th. They issued a “buy” rating and a $66.00 price objective for the company. Citigroup dropped their target price on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. The Goldman Sachs Group downgraded shares of eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Monday, January 5th. Finally, UBS Group lowered their price target 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. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.65.

eToro Group Stock Performance

The firm has a market cap of $2.56 billion and a price-to-earnings ratio of 16.87. The stock’s 50 day moving average is $37.30 and its 200 day moving average is $43.58. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (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 firm had revenue of $214.60 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ETOR. International Assets Investment Management LLC grew its stake in shares of eToro Group by 7.1% in the third quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock valued at $341,000 after acquiring an additional 550 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 555 shares during the period. IFP Advisors Inc acquired a new position in shares of eToro Group during the 2nd quarter worth approximately $67,000. Blue Trust Inc. bought a new position in shares of eToro Group during the fourth quarter worth approximately $42,000. Finally, Jones Financial Companies Lllp raised its position in shares of eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after buying an additional 1,631 shares in the last 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.