Keefe, Bruyette & Woods Reiterates Market Perform Rating for eToro Group (NASDAQ:ETOR)

eToro Group (NASDAQ:ETOR)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They currently have a $35.00 price objective on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.16% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group lowered their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. The Goldman Sachs Group lowered their price target on eToro Group from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Needham & Company LLC reissued a “buy” rating and set a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. Mizuho lowered their price target on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $52.00 price objective on shares of eToro Group in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and a consensus target price of $54.56.

eToro Group Price Performance

eToro Group stock opened at $29.62 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.89 and a current ratio of 4.89. eToro Group has a 52 week low of $24.74 and a 52 week high of $79.96. The stock has a market capitalization of $2.43 billion and a P/E ratio of 13.34. The stock has a fifty day moving average of $29.87 and a 200-day moving average of $34.89.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The company had revenue of $3.87 billion during the quarter.

Institutional Investors Weigh In On eToro Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its position 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. grew its position in shares of eToro Group by 47.9% in the 4th 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 buying an additional 401,697 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of eToro Group in the 4th quarter valued at about $43,136,000. Invesco Ltd. grew its position in shares of eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock valued at $34,225,000 after buying an additional 967,392 shares during the last quarter. Finally, Capital World Investors grew its position in shares of eToro Group by 2.6% in the 4th quarter. Capital World Investors now owns 900,903 shares of the company’s stock valued at $31,649,000 after buying 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.