eToro Group Ltd.’s Lock-Up Period Set To End Tomorrow (NASDAQ:ETOR)

eToro Group’s (NASDAQ:ETOR) lock-up period will expire on Monday, November 10th. eToro Group had issued 11,923,018 shares in its IPO on May 14th. The total size of the offering was $619,996,936 based on an initial share price of $52.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of analysts recently commented on ETOR shares. The Goldman Sachs Group decreased their price objective on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Compass Point started coverage on eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 price target on the stock. Needham & Company LLC dropped their price objective on eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Mizuho reduced their price objective on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Citigroup decreased their target price on eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.76.

eToro Group Stock Performance

Shares of NASDAQ:ETOR opened at $34.88 on Friday. The company’s fifty day moving average is $40.85. The firm has a market cap of $2.86 billion and a PE ratio of 27.90. eToro Group has a one year low of $32.66 and a one year high of $79.96. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $209.63 million for the quarter, compared to analysts’ expectations of $194.60 million. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis.

Institutional Investors Weigh In On eToro Group

Hedge funds have recently bought and sold shares of the business. Balyasny Asset Management L.P. purchased a new position in shares of eToro Group during the 2nd quarter valued at approximately $43,397,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of eToro Group in the second quarter worth $33,812,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in eToro Group in the second quarter valued at $28,048,000. Nikko Asset Management Americas Inc. bought a new position in eToro Group during the 2nd quarter valued at $27,875,000. Finally, Marshall Wace LLP acquired a new position in eToro Group during the 2nd quarter worth $17,360,000.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.