eToro Group (NASDAQ:ETOR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

eToro Group (NASDAQ:ETOR) had its price objective increased by equities research analysts at Jefferies Financial Group from $48.00 to $51.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 68.14% from the company’s previous close.

A number of other research firms have also recently weighed in on ETOR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $52.00 price target on shares of eToro Group in a research note on Monday, February 23rd. Mizuho decreased their price objective on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Bank of America restated a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. TD Cowen reduced their price target on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.13.

eToro Group Stock Performance

Shares of ETOR stock traded up $0.45 during trading hours on Monday, reaching $30.33. 321,769 shares of the company’s stock were exchanged, compared to its average volume of 1,345,326. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. The company’s 50 day moving average is $29.93 and its two-hundred day moving average is $35.09. The company has a market cap of $2.48 billion and a P/E ratio of 13.68. eToro Group has a 1 year low of $24.74 and a 1 year high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The firm 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%.

Hedge Funds Weigh In On eToro Group

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in eToro Group during the fourth quarter worth about $25,000. Blue Trust Inc. purchased a new position in shares of eToro Group during the 4th quarter worth approximately $42,000. Newbridge Financial Services Group Inc. increased its stake in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of eToro Group by 194.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after purchasing an additional 1,631 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in eToro Group in the 3rd quarter valued at approximately $124,000.

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.