eToro Group (NASDAQ:ETOR) Price Target Raised to $43.00

eToro Group (NASDAQ:ETOR) had its price target upped by The Goldman Sachs Group from $39.00 to $43.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 7.87% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Citizens Jmp boosted their price objective on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday, May 13th. Susquehanna boosted their price objective on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a report on Wednesday, May 13th. Jefferies Financial Group boosted their price objective on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. TD Cowen upped their price target on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Bank of America reiterated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, eToro Group currently has a consensus rating of “Moderate Buy” and an average price target of $56.56.

eToro Group Trading Up 3.3%

ETOR traded up $1.26 during trading on Thursday, hitting $39.86. The company’s stock had a trading volume of 328,494 shares, compared to its average volume of 1,326,019. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $35.15 and its 200-day moving average price is $34.50. The firm has a market capitalization of $3.30 billion and a P/E ratio of 16.66.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) 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 firm had revenue of $2.44 billion for the quarter. During the same period last year, the firm posted $0.69 earnings per share. eToro Group’s quarterly revenue was down 35.0% compared to the same quarter last year. Analysts anticipate that eToro Group will post 2.76 EPS for the current year.

Insider Transactions at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the sale, the director owned 296,779 shares in the company, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in eToro Group in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock valued at $28,000 after purchasing an additional 727 shares during the period. Blue Trust Inc. bought a new position in eToro Group in the 4th quarter valued at $42,000. State of Wyoming grew its stake in eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 555 shares during the period.

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.