eToro Group (NASDAQ:ETOR) Stock Gets Price Target Cut from Susquehanna

eToro Group (NASDAQ:ETOR – Free Report) had its target price reduced by Susquehanna from $46.00 to $39.00 in a report issued on Thursday morning, MarketBeat.com reports. They currently have a positive rating on the stock.

ETOR has been the subject of a number of other reports. UBS Group cut their price objective on eToro Group from $50.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Wall Street Zen lowered shares of eToro Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Bank of America reiterated a “neutral” rating on shares of eToro Group in a research report on Monday, October 5th. TD Cowen reduced their price target on shares of eToro Group from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Citizens Jmp reduced their price target on shares of eToro Group from $90.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Friday, October 9th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.25.

View Our Latest Stock Report on ETOR

eToro Group Trading Up 0.2%

ETOR traded up $0.04 during trading hours on Thursday, reaching $22.50. The company’s stock had a trading volume of 1,286,353 shares, compared to its average volume of 1,295,664. The stock has a market cap of $1.86 billion, a PE ratio of 9.91, a P/E/G ratio of 0.95 and a beta of 1.84. eToro Group has a fifty-two week low of $21.30 and a fifty-two week high of $44.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.29 and a quick ratio of 4.02. The business’s 50-day moving average is $25.60 and its 200-day moving average is $32.26.

eToro Group (NASDAQ:ETOR – Get Free Report) last posted its earnings results on Tuesday, November 10th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). eToro Group had a return on equity of 17.17% and a net margin of 2.34%. The business had revenue of $1.49 billion for the quarter. During the same period last year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that eToro Group will post 2.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.20, for a total value of $3,120,000.00. Following the sale, the director owned 196,779 shares in the company, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On eToro Group

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in eToro Group during the first quarter worth about $6,048,000. Sei Investments Co. purchased a new position in shares of eToro Group in the first quarter valued at approximately $2,579,000. Saba Capital Management L.P. grew its holdings in shares of eToro Group by 156.2% in the first quarter. Saba Capital Management L.P. now owns 203,291 shares of the company’s stock valued at $6,105,000 after purchasing an additional 123,952 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in shares of eToro Group in the first quarter valued at approximately $5,706,000. Finally, Renaissance Technologies LLC increased its stake in eToro Group by 51.9% during the 1st quarter. Renaissance Technologies LLC now owns 292,950 shares of the company’s stock worth $8,797,000 after buying an additional 100,100 shares during the period.

eToro Group News Summary

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About eToro Group

(Get Free Report)

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.

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Analyst Recommendations for eToro Group (NASDAQ:ETOR)

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