eToro Group (NASDAQ:ETOR) Hits New 52-Week Low – Should You Sell?

Shares of eToro Group Ltd. (NASDAQ:ETOR) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $29.65 and last traded at $29.77, with a volume of 294256 shares. The stock had previously closed at $30.22.

Analyst Ratings Changes

ETOR has been the topic of several research reports. TD Cowen reduced their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Susquehanna upgraded eToro Group from a “neutral” rating to a “positive” rating and lifted their price target for the company from $50.00 to $55.00 in a research report on Wednesday, November 12th. UBS Group reduced their price target on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Compass Point assumed coverage on eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 price objective for the company. Finally, Bank of America boosted their target price on shares of eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.65.

eToro Group Price Performance

The firm has a fifty day moving average price of $35.97 and a two-hundred day moving average price of $42.18. The company has a quick ratio of 4.63, a current ratio of 4.63 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.40 billion and a P/E ratio of 15.84.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter. eToro Group had a net margin of 1.31% and a return on equity of 25.75%.

Institutional Trading of eToro Group

Several institutional investors have recently added to or reduced their stakes in ETOR. American Century Companies Inc. bought a new stake in eToro Group in the 2nd quarter worth about $6,665,000. Guild Investment Management Inc. purchased a new stake in shares of eToro Group during the 2nd quarter valued at about $1,468,000. Federated Hermes Inc. bought a new stake in shares of eToro Group in the second quarter worth approximately $11,320,000. Norges Bank purchased a new position in shares of eToro Group during the second quarter valued at approximately $16,315,000. Finally, TD Asset Management Inc bought a new position in eToro Group during the second quarter valued at approximately $7,499,000.

eToro Group Company Profile

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.