eToro Group (NASDAQ:ETOR) Upgraded to Strong-Buy at KeyCorp

KeyCorp upgraded shares of eToro Group (NASDAQ:ETOR) to a strong-buy rating in a report published on Monday,Zacks reports.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group cut their price target on shares of eToro Group from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 25th. TD Cowen reduced their price target on shares of eToro Group from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Citizens Jmp upped their price target on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings cut eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Mizuho dropped their price target on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.88.

eToro Group Trading Down 0.5%

NASDAQ ETOR opened at $31.81 on Monday. eToro Group has a one year low of $24.74 and a one year high of $47.70. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.86 and a beta of 1.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. The firm has a 50 day simple moving average of $35.34 and a 200-day simple moving average of $35.05.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The company had revenue of $1.59 billion during the quarter. During the same period in the previous year, the business posted $0.56 earnings per share. The firm’s revenue was down 23.9% compared to the same quarter last year. Equities research analysts anticipate that eToro Group will post 2.65 EPS for the current fiscal year.

Insider Transactions at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the transaction, the director directly owned 196,779 shares in the company, valued at $6,139,504.80. The trade was a 33.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On eToro Group

A number of institutional investors have recently added to or reduced their stakes in ETOR. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 727 shares during the period. Newbridge Financial Services Group Inc. boosted its stake 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 worth $74,000 after buying an additional 555 shares during the period. State of Wyoming increased its position in shares of eToro Group by 180.0% during the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after acquiring an additional 1,242 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of eToro Group in the 2nd quarter valued at approximately $184,000.

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.