eToro Group Ltd. (NASDAQ:ETOR) Short Interest Up 13.3% in April

eToro Group Ltd. (NASDAQ:ETOR) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,950,005 shares, an increase of 13.3% from the March 31st total of 2,603,338 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 1,118,770 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of eToro Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in eToro Group by 7.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock worth $341,000 after purchasing an additional 550 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after purchasing an additional 555 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in eToro Group by 23.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock worth $130,000 after purchasing an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in eToro Group during the 4th quarter worth about $25,000. Finally, Blue Trust Inc. bought a new stake in eToro Group during the 4th quarter worth about $42,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ETOR shares. Mizuho cut their price objective on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $58.00 price objective on shares of eToro Group in a report on Wednesday, February 18th. TD Cowen cut their price objective on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Zacks Research cut eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.56.

eToro Group Stock Performance

eToro Group stock opened at $36.91 on Friday. The stock has a 50-day simple moving average of $32.31 and a 200 day simple moving average of $34.29. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group has a 12-month low of $24.74 and a 12-month high of $79.96. The stock has a market capitalization of $3.06 billion and a price-to-earnings ratio of 16.63.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The business had revenue of $3.87 billion during the quarter. On average, research analysts anticipate that eToro Group will post 2.55 earnings per share for the current fiscal year.

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.