eToro Group (NASDAQ:ETOR) Given Buy Rating at Canaccord Genuity Group

eToro Group (NASDAQ:ETOR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report issued on Tuesday,Benzinga reports. They presently have a $78.00 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 106.73% from the stock’s current price.

ETOR has been the topic of several other reports. Susquehanna lowered their price objective on eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. Bank of America raised their target price on eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group dropped their price target on eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and an average price target of $67.88.

eToro Group Stock Performance

Shares of NASDAQ ETOR opened at $37.73 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The business has a fifty day moving average of $40.71. The stock has a market cap of $3.09 billion and a price-to-earnings ratio of 30.18. eToro Group has a one year low of $32.66 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08.

Hedge Funds Weigh In On eToro Group

A number of hedge funds have recently modified their holdings of ETOR. IFP Advisors Inc purchased a new stake in eToro Group in the 2nd quarter valued at about $67,000. Newbridge Financial Services Group Inc. purchased a new position in eToro Group during the second quarter worth about $82,000. Jones Financial Companies Lllp increased its position in shares of eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after acquiring an additional 1,631 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group in the 2nd quarter valued at approximately $120,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of eToro Group in the 3rd quarter worth approximately $124,000.

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.