eToro Group (NASDAQ:ETOR) CEO Hedva Ber Sells 55,160 Shares

eToro Group Ltd. (NASDAQ:ETOR) CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at $865,654. This represents a 72.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Stock Down 1.7%

Shares of NASDAQ:ETOR traded down $0.71 during trading on Tuesday, hitting $40.97. 840,051 shares of the company were exchanged, compared to its average volume of 1,363,992. The stock has a market capitalization of $3.39 billion and a P/E ratio of 17.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $79.96. The firm’s 50 day moving average price is $35.81 and its 200-day moving average price is $34.57.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The business had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business’s revenue was down 35.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. On average, research analysts predict that eToro Group Ltd. will post 2.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On eToro Group

Several institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in shares of eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the period. Blue Trust Inc. acquired a new position in shares of eToro Group during the 4th quarter worth $42,000. State of Wyoming boosted its position in shares of eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ETOR shares. Citizens Jmp lifted their target price on shares of eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday, May 13th. 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 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 report on Wednesday, May 13th. 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 report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.56.

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.