eToro Group (NASDAQ:ETOR) Director Sells $4,126,000.00 in Stock

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the transaction, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $39.59 on Thursday. The company has a 50 day moving average of $34.21 and a 200 day moving average of $34.33. The stock has a market cap of $3.28 billion and a P/E ratio of 16.56. eToro Group Ltd. has a 12 month low of $24.74 and a 12 month high of $79.96. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. eToro Group’s revenue was down 35.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. As a group, sell-side analysts forecast that eToro Group Ltd. will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETOR. TD Cowen boosted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $52.00 price objective on shares of eToro Group in a research note on Monday, February 23rd. Needham & Company LLC lifted their target price on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods lifted their target price on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, Susquehanna lifted their target price on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.81.

Institutional Investors Weigh In On eToro Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETOR. Harel Insurance Investments & Financial Services Ltd. increased its position in eToro Group by 61.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock valued at $59,716,000 after purchasing an additional 760,654 shares during the period. T. Rowe Price Investment Management Inc. increased its position in eToro Group by 67.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock valued at $59,571,000 after purchasing an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. increased its position in eToro Group by 47.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock valued at $43,573,000 after purchasing an additional 401,697 shares during the period. Arrowstreet Capital Limited Partnership increased its position in eToro Group by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock valued at $30,552,000 after purchasing an additional 110,998 shares during the period. Finally, Invesco Ltd. increased its position in eToro Group by 14,120.4% during the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock valued at $34,225,000 after purchasing an additional 967,392 shares during the period.

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.