Shalev Eddy Sells 100,000 Shares of eToro Group (NASDAQ:ETOR) Stock

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the transaction, the director owned 196,779 shares in the company, valued at $6,139,504.80. The trade was a 33.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

eToro Group Price Performance

eToro Group stock opened at $31.81 on Wednesday. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $47.70. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.86 and a beta of 1.65. The company has a fifty day simple moving average of $35.34 and a 200-day simple moving average of $35.05. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.59 billion for the quarter. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The business’s quarterly revenue was down 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. On average, equities analysts anticipate that eToro Group Ltd. will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ETOR shares. Citizens Jmp boosted their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Needham & Company LLC cut their price target on eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Keefe, Bruyette & Woods reduced their price objective on eToro Group from $45.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 12th. UBS Group lowered their price objective on eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research cut eToro Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Hedge Funds Weigh In On eToro Group

Several institutional investors and hedge funds have recently bought and sold shares of ETOR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after acquiring an additional 727 shares during the last quarter. State of Wyoming lifted its holdings in eToro Group by 180.0% in the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after acquiring an additional 1,242 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in eToro Group by 45.1% in the third 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 during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake 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.