eToro Group (NASDAQ:ETOR) Price Target Raised to $51.00

eToro Group (NASDAQ:ETOR) had its target price boosted by Jefferies Financial Group from $48.00 to $51.00 in a research report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on ETOR. Cantor Fitzgerald restated an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a research report on Monday, February 23rd. Needham & Company LLC restated a “buy” rating and issued a $58.00 price objective on shares of eToro Group in a research report on Wednesday, February 18th. The Goldman Sachs Group lowered their price target on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Mizuho lowered their price target on shares of eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.56.

eToro Group Trading Up 4.8%

ETOR opened at $31.04 on Monday. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.54 billion and a PE ratio of 13.98. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96. The firm has a 50-day moving average price of $29.87 and a two-hundred day moving average price of $34.86.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.87 billion during the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake 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. boosted its stake in eToro Group by 47.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after acquiring an additional 401,697 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in eToro Group during the 4th quarter worth approximately $43,136,000. Invesco Ltd. boosted its stake in eToro Group by 14,120.4% during the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after acquiring an additional 967,392 shares during the last quarter. Finally, Capital World Investors boosted its stake in eToro Group by 2.6% during the 4th quarter. Capital World Investors now owns 900,903 shares of the company’s stock worth $31,649,000 after acquiring 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.