Etoro Group (NASDAQ:ETOR) Coverage Initiated at JMP Securities

JMP Securities assumed coverage on shares of Etoro Group (NASDAQ:ETOR) in a research note published on Monday,Benzinga reports. The brokerage issued a market outperform rating and a $85.00 price target on the stock.

Several other brokerages have also commented on ETOR. Redburn Atlantic began coverage on Etoro Group in a research note on Monday. They issued a “neutral” rating and a $68.00 price target on the stock. Jefferies Financial Group began coverage on shares of Etoro Group in a research report on Monday. They issued a “buy” rating and a $80.00 target price on the stock. Wall Street Zen raised shares of Etoro Group to a “hold” rating in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Etoro Group in a research note on Monday. They issued a “hold” rating and a $70.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Etoro Group in a research report on Monday. They set a “neutral” rating and a $71.00 price objective for the company. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.88.

Etoro Group Stock Down 6.0%

Shares of ETOR opened at $62.96 on Monday. Etoro Group has a 12-month low of $57.50 and a 12-month high of $79.96.

Etoro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $3.76 billion during the quarter.

About Etoro Group

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.