eToro Group (NASDAQ:ETOR) Given New $68.00 Price Target at Needham & Company LLC

eToro Group (NASDAQ:ETOR) had its price target cut by Needham & Company LLC from $76.00 to $68.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. 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 report on Tuesday, October 14th. Susquehanna cut their price objective on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. Bank of America increased their target price on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group lowered their target price on shares of eToro Group from $70.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of eToro Group in a report on Thursday, September 11th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.29.

eToro Group Stock Up 9.3%

eToro Group stock opened at $41.24 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 stock has a market capitalization of $3.38 billion and a price-to-earnings ratio of 32.99. The business’s fifty day moving average is $40.60. eToro Group has a twelve month low of $32.66 and a twelve month high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million during the quarter.

Hedge Funds Weigh In On eToro Group

Several institutional investors have recently made changes to their positions in ETOR. Counterpoint Mutual Funds LLC acquired a new stake in eToro Group in the third quarter valued at approximately $491,000. JPMorgan Chase & Co. purchased a new position in shares of eToro Group during the 3rd quarter valued at approximately $264,000. Ibex Investors LLC acquired a new stake in eToro Group in the 3rd quarter valued at $1,663,000. Guild Investment Management Inc. grew its stake in eToro Group by 144.2% in the 3rd quarter. Guild Investment Management Inc. now owns 53,855 shares of the company’s stock valued at $2,223,000 after acquiring an additional 31,805 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in eToro Group by 88.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock worth $149,000 after acquiring an additional 1,701 shares in the last quarter.

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.