Analysts Set eToro Group Ltd. (NASDAQ:ETOR) PT at $60.65

Shares of eToro Group Ltd. (NASDAQ:ETOR) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $60.6471.

A number of brokerages recently commented on ETOR. Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and increased their price target for the company from $50.00 to $55.00 in a report on Wednesday, November 12th. The Goldman Sachs Group lowered eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Monday, January 5th. Compass Point started coverage on eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 target price for the company. Zacks Research lowered shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Needham & Company LLC cut their price target on shares of eToro Group from $68.00 to $58.00 and set a “buy” rating on the stock in a report on Monday, December 29th.

eToro Group Price Performance

ETOR opened at $31.10 on Tuesday. eToro Group has a twelve month low of $29.68 and a twelve month high of $79.96. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 16.81. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $36.71 and a 200 day simple moving average of $43.18.

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

Hedge Funds Weigh In On eToro Group

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in eToro Group in the fourth quarter valued at about $42,000. IFP Advisors Inc acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $67,000. Newbridge Financial Services Group Inc. grew its position 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 worth $74,000 after acquiring 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 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the 2nd quarter valued at approximately $120,000.

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.