eToro Group Ltd. (NASDAQ:ETOR) Short Interest Update

eToro Group Ltd. (NASDAQ:ETOR) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,952,840 shares, a growth of 17.5% from the February 12th total of 3,364,062 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average trading volume of 1,860,890 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 1,860,890 shares, the short-interest ratio is currently 2.1 days. Approximately 4.8% of the company’s stock are short sold.

Institutional Trading of eToro Group

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the fourth quarter worth about $25,000. Blue Trust Inc. bought a new stake in eToro Group in the fourth quarter valued at about $42,000. Newbridge Financial Services Group Inc. bought a new stake in eToro Group in the second quarter valued at about $82,000. SBI Securities Co. Ltd. acquired a new stake in eToro Group during the second quarter valued at approximately $128,000. Finally, Jones Financial Companies Lllp raised its stake in 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 buying an additional 1,631 shares in the last quarter.

eToro Group Stock Up 1.9%

NASDAQ ETOR traded up $0.59 during mid-day trading on Tuesday, reaching $31.14. 406,738 shares of the company’s stock traded hands, compared to its average volume of 1,472,956. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96. The company has a fifty day simple moving average of $30.49 and a 200-day simple moving average of $36.57. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 14.03.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, February 17th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.87 billion for the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of eToro Group in a research report on Monday, March 9th. TD Cowen reduced their target price on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Mizuho decreased their target price on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group dropped their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.44.

About eToro Group

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.