Seven Grand Managers LLC Makes New Investment in eToro Group Ltd. $ETOR

Seven Grand Managers LLC purchased a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, Holdings Channel reports. The firm purchased 25,000 shares of the company’s stock, valued at approximately $1,665,000.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc acquired a new position in eToro Group during the second quarter worth $67,000. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group in the 2nd quarter valued at $120,000. SBI Securities Co. Ltd. bought a new stake in eToro Group during the 2nd quarter worth about $128,000. TD Waterhouse Canada Inc. bought a new stake in eToro Group during the 2nd quarter worth about $160,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of eToro Group during the 2nd quarter worth about $248,000.

Analyst Ratings Changes

A number of analysts recently issued reports on ETOR shares. Zacks Research raised eToro Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Needham & Company LLC decreased their price target on eToro Group from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Compass Point began coverage on eToro Group in a research report on Monday, October 13th. They set a “buy” rating and a $66.00 price target on the stock. Bank of America increased their price objective on eToro Group from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, eToro Group presently has an average rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Trading Down 0.2%

Shares of NASDAQ ETOR opened at $41.88 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.76 and a quick ratio of 3.76. The company has a market cap of $3.43 billion and a P/E ratio of 22.64. eToro Group Ltd. has a 12 month low of $32.66 and a 12 month high of $79.96. The business’s 50 day simple moving average is $39.25.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $214.60 million for the quarter.

eToro Group Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.