eToro Group (NASDAQ:ETOR) Price Target Lowered to $31.00 at The Goldman Sachs Group

eToro Group (NASDAQ:ETOR) had its price target dropped by stock analysts at The Goldman Sachs Group from $35.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 2.52% from the stock’s current price.

ETOR has been the subject of a number of other research reports. TD Cowen cut their price target on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Canaccord Genuity Group lowered their price objective on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Bank of America restated a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.94.

eToro Group Price Performance

ETOR stock traded up $0.54 during midday trading on Thursday, reaching $30.24. The company had a trading volume of 253,945 shares, compared to its average volume of 1,395,109. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96. The stock has a 50 day moving average price of $30.14 and a 200-day moving average price of $35.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. The company has a market capitalization of $2.48 billion and a price-to-earnings ratio of 13.63.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The firm had revenue of $3.87 billion for the quarter.

Institutional Investors Weigh In On eToro Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its holdings in eToro Group by 67.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after acquiring an additional 683,008 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of eToro Group by 47.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock valued at $43,573,000 after acquiring an additional 401,697 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of eToro Group during the fourth quarter worth $43,136,000. Invesco Ltd. grew its stake in shares of eToro Group by 14,120.4% in the fourth quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after purchasing an additional 967,392 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of eToro Group by 2.6% in the fourth quarter. Capital World Investors now owns 900,903 shares of the company’s stock worth $31,649,000 after purchasing an additional 22,934 shares during the last quarter.

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.