eToro Group (NASDAQ:ETOR) Stock Unloaded Sen.

Senator (Republican-Ohio) recently sold shares of eToro Group Ltd. (NASDAQ:ETOR). In a filing disclosed on May 22nd, the Senator disclosed that they had sold between $100,001 and $250,000 in eToro Group stock on May 6th.

eToro Group Price Performance

Shares of eToro Group stock traded down $1.08 during trading on Tuesday, hitting $39.77. 205,300 shares of the company were exchanged, compared to its average volume of 1,333,250. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $79.96. The stock has a market capitalization of $3.29 billion and a price-to-earnings ratio of 16.64. The firm has a 50 day moving average price of $34.80 and a 200 day moving average price of $34.43.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm had revenue of $2.44 billion during the quarter. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. On average, equities analysts expect that eToro Group Ltd. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ETOR shares. Needham & Company LLC boosted their price target on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. TD Cowen boosted their price target on eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods boosted their price target on eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group cut their price target on eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, eToro Group has an average rating of “Moderate Buy” and an average target price of $55.81.

Insider Activity

In other news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the sale, the director owned 296,779 shares in the company, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of eToro Group

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of eToro Group during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after purchasing an additional 727 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of eToro Group in the 4th quarter valued at about $42,000. State of Wyoming raised its stake in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of 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 in the last quarter.

About Senator

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.