eToro Group (NASDAQ:ETOR) Price Target Cut to $37.00 by Analysts at Cantor Fitzgerald

eToro Group (NASDAQ:ETOR) had its price objective lowered by stock analysts at Cantor Fitzgerald from $48.00 to $37.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price indicates a potential upside of 60.94% from the company’s previous close.

Several other brokerages have also weighed in on ETOR. TD Cowen cut their price objective on eToro Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on eToro Group from $45.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen cut shares of eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America reissued a “neutral” rating on shares of eToro Group in a report on Monday, October 5th. Finally, The Goldman Sachs Group raised their price objective on shares of eToro Group from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.58.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $22.99 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.67 and a beta of 1.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. eToro Group has a 12 month low of $21.30 and a 12 month high of $44.21. The stock’s 50 day moving average price is $25.99 and its 200 day moving average price is $32.35.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). eToro Group had a net margin of 2.34% and a return on equity of 17.19%. The firm had revenue of $1.49 billion for the quarter. During the same period in the prior year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that eToro Group will post 2.28 earnings per share for the current fiscal year.

Insider Activity at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the completion of the sale, the director owned 196,779 shares in the company, valued at approximately $6,139,504.80. This represents a 33.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On eToro Group

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of eToro Group by 2.2% during the first quarter. California State Teachers Retirement System now owns 15,331 shares of the company’s stock valued at $460,000 after purchasing an additional 331 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in eToro Group by 42.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,590 shares of the company’s stock worth $41,000 after buying an additional 476 shares during the period. Nisa Investment Advisors LLC raised its holdings in eToro Group by 109.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock worth $28,000 after buying an additional 578 shares during the period. Royal Bank of Canada lifted its stake in eToro Group by 6.0% during the first quarter. Royal Bank of Canada now owns 11,801 shares of the company’s stock valued at $354,000 after buying an additional 668 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in eToro Group by 365.3% during the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after buying an additional 727 shares in the last quarter.

Recent eToro Group Headlines

These are some of the ETOR headlines that stood out recently:

• Positive Sentiment: Several analysts maintained Buy ratings despite reducing price targets after results: Susquehanna cut its target to $39, TD Cowen to $26, Needham to $45, and Canaccord to $40. The continued Buy ratings suggest some analysts still see upside. Article: Susquehanna Lowers eToro Price Target
• Negative Sentiment: Q3 adjusted EPS was $0.26, below analyst estimates, while revenue was $1.49 billion. Profitability weakened substantially: EPS fell from $0.53 a year earlier, and reports cited a 74% drop in profit and a 60% decline in adjusted net income. The earnings disappointment, linked in part to a crypto slump, is a key pressure on the stock. Article: eToro Q3 Accounts Grow as Profit Falls
• Negative Sentiment: Analysts’ target cuts—even among those retaining Buy ratings—reflect lower near-term expectations following the results. Article: eToro Stock Falls Following Weak Earnings

eToro Group Company Profile

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.