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

eToro Group Ltd. (NASDAQ:ETOR) Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director owned 296,779 shares in the company, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

eToro Group Price Performance

NASDAQ ETOR opened at $40.59 on Monday. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $79.96. The stock’s 50-day moving average is $33.73 and its two-hundred day moving average is $34.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a market cap of $3.36 billion and a P/E ratio of 16.98.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The company had revenue of $2.44 billion for the quarter. During the same quarter last year, the business earned $0.69 earnings per share. eToro Group’s quarterly revenue was down 35.0% on a year-over-year basis. On average, analysts anticipate that eToro Group Ltd. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ETOR. Jefferies Financial Group lifted their price objective on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Needham & Company LLC lifted their price objective on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group dropped their price objective on eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. TD Cowen lifted their price objective on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

Hedge Funds Weigh In On eToro Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETOR. Russell Investments Group Ltd. bought a new position in eToro Group during the second quarter valued at about $669,000. Invesco Ltd. acquired a new stake in eToro Group during the second quarter valued at approximately $15,392,000. Nebula Research & Development LLC acquired a new stake in eToro Group during the second quarter valued at approximately $272,000. Squarepoint Ops LLC acquired a new stake in eToro Group during the second quarter valued at approximately $1,270,000. Finally, Raymond James Financial Inc. acquired a new stake in eToro Group during the second quarter valued at approximately $1,333,000.

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.