eToro Group (NASDAQ:ETOR) Reaches New 52-Week Low – Here’s Why

Shares of eToro Group Ltd. (NASDAQ:ETOR) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $30.90 and last traded at $31.20, with a volume of 1384075 shares traded. The stock had previously closed at $31.96.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and increased their price target for the stock from $50.00 to $55.00 in a research report on Wednesday, November 12th. Mizuho decreased their target price on eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Citigroup cut their price target on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of eToro Group in a report on Tuesday, November 11th. Finally, Zacks Research upgraded shares of eToro Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and a consensus target price of $62.71.

eToro Group Trading Down 2.4%

The company has a 50 day moving average of $37.60 and a 200 day moving average of $44.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. The stock has a market capitalization of $2.56 billion and a price-to-earnings ratio of 16.86.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Institutional Trading of eToro Group

Several large investors have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in eToro Group in the 2nd quarter valued at about $67,000. Newbridge Financial Services Group Inc. grew its position in shares of 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 purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group during the second quarter worth approximately $120,000. Finally, KLP Kapitalforvaltning AS acquired a new position in eToro Group during the third quarter worth $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.