Mizuho Lowers eToro Group (NASDAQ:ETOR) Price Target to $60.00

eToro Group (NASDAQ:ETOR) had its target price cut by equities research analysts at Mizuho from $65.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 91.88% from the company’s previous close.

ETOR has been the topic of several other reports. Citigroup decreased their target price on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Needham & Company LLC lowered their price objective on eToro Group from $68.00 to $58.00 and set a “buy” rating for the company in a research report on Monday, December 29th. The Goldman Sachs Group cut eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Monday, January 5th. Bank of America upped their price target on eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $78.00 price target on shares of eToro Group in a report on Tuesday, November 11th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.65.

eToro Group Price Performance

NASDAQ:ETOR opened at $31.27 on Friday. The stock has a 50 day moving average price of $37.50 and a 200 day moving average price of $44.33. The stock has a market cap of $2.56 billion and a PE ratio of 16.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. eToro Group has a one year low of $30.67 and a one year high of $79.96.

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

Hedge Funds Weigh In On eToro Group

Several institutional investors have recently bought and sold shares of ETOR. IFP Advisors Inc purchased a new stake in eToro Group during the second quarter worth about $67,000. Newbridge Financial Services Group Inc. acquired a new position in shares of eToro Group in the second quarter valued at approximately $82,000. Caitong International Asset Management Co. Ltd purchased a new stake in eToro Group during the 2nd quarter worth approximately $120,000. SBI Securities Co. Ltd. acquired a new stake in eToro Group during the 2nd quarter worth approximately $128,000. Finally, Jones Financial Companies Lllp grew its stake 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 worth $101,000 after acquiring an additional 1,631 shares in the last quarter.

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.