eToro Group (NASDAQ:ETOR) Rating Increased to Buy at Wall Street Zen

eToro Group (NASDAQ:ETOR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other equities analysts have also recently weighed in on ETOR. Keefe, Bruyette & Woods lifted their price target on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group upped their target price on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 6th. Zacks Research raised shares of eToro Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. TD Cowen boosted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group upped their price objective on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

eToro Group Price Performance

ETOR stock traded down $0.65 on Friday, hitting $39.15. 641,601 shares of the company’s stock traded hands, compared to its average volume of 680,813. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 0.89 and a beta of 1.64. eToro Group has a 1-year low of $24.74 and a 1-year high of $65.95. The stock has a fifty day moving average of $39.42 and a 200-day moving average of $34.53.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.eToro Group’s revenue was down 35.0% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. On average, analysts forecast that eToro Group will post 2.79 EPS for the current fiscal year.

Insider Transactions at eToro Group

In other news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated 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 directly owned 296,779 shares in the company, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of eToro Group

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in eToro Group by 365.3% in the first quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares in the last quarter. Blue Trust Inc. acquired a new position in eToro Group during the fourth quarter worth $42,000. State of Wyoming increased its position in eToro Group by 180.0% during the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after buying an additional 1,242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 555 shares in 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.