eToro Group (NASDAQ:ETOR) Given New $32.00 Price Target at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its price objective cut by analysts at The Goldman Sachs Group from $36.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 10.08% from the stock’s current price.

Several other analysts have also issued reports on ETOR. Mizuho reduced their price objective on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. TD Cowen reduced their price target on shares of eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen lowered shares of eToro Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Needham & Company LLC lowered their price objective on shares of eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $50.20.

eToro Group Trading Down 4.1%

Shares of eToro Group stock opened at $29.07 on Tuesday. The stock has a 50 day moving average of $36.18 and a 200 day moving average of $34.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.80 and a beta of 1.68. eToro Group has a fifty-two week low of $24.74 and a fifty-two week high of $47.70.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.eToro Group’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. As a group, research analysts predict that eToro Group will post 2.7 earnings per share for the current year.

Insiders Place Their Bets

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the sale, the chief executive officer directly owned 20,660 shares in the company, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ETOR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position 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 buying an additional 727 shares during the last quarter. State of Wyoming raised its stake in eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after acquiring an additional 1,242 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in eToro Group in the third quarter valued at $124,000.

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.