Susquehanna Has Lowered Expectations for eToro Group (NASDAQ:ETOR) Stock Price

eToro Group (NASDAQ:ETOR) had its target price lowered by equities researchers at Susquehanna from $46.00 to $39.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna‘s target price suggests a potential upside of 69.64% from the stock’s current price.

Several other research firms also recently commented on ETOR. Wall Street Zen downgraded shares of eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. UBS Group decreased their price target on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Citizens Jmp dropped their price target on shares of eToro Group from $90.00 to $75.00 and set a “market outperform” rating for the company in a research note on Friday, October 9th. The Goldman Sachs Group lifted their price target on shares of eToro Group from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Finally, Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

eToro Group Price Performance

eToro Group stock opened at $22.99 on Thursday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.90 billion, a PE ratio of 10.13, a P/E/G ratio of 0.67 and a beta of 1.84. eToro Group has a 12 month low of $21.30 and a 12 month high of $44.21. The stock has a 50-day moving average price of $25.99 and a two-hundred day moving average price of $32.35.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $1.49 billion for the quarter. eToro Group had a net margin of 2.34% and a return on equity of 17.19%. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts expect that eToro Group will post 2.28 EPS for the current year.

Insider Buying and Selling

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $31.20, for a total transaction of $3,120,000.00. Following the completion of the sale, the director owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. This represents a 33.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after purchasing an additional 727 shares during the period. Nisa Investment Advisors LLC increased its position in shares of eToro Group by 109.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,105 shares of the company’s stock worth $28,000 after buying an additional 578 shares during the period. Asset Management One Co. Ltd. increased its position in shares of eToro Group by 42.7% during the third quarter. Asset Management One Co. Ltd. now owns 1,590 shares of the company’s stock worth $41,000 after buying an additional 476 shares during the period. State of Wyoming raised its stake 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, CI Investments Inc. bought a new position in eToro Group during the first quarter worth $227,000.

Recent eToro Group Headlines

Here are a few of the latest headlines about ETOR:

• Positive Sentiment: Funded accounts increased 18% year over year to 4.39 million, and management announced a $250 million share repurchase program—potentially signaling confidence in the business and returning capital to shareholders. Article: eToro: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management cited record assets and a crypto rebound, which could support future activity, though the quarter’s results show the recovery has not yet translated into stronger profits. Article: eToro Q3 Earnings Call Highlights
• Negative Sentiment: Q3 adjusted EPS was $0.26, below analyst estimates, while revenue was $1.49 billion. Profitability weakened substantially: EPS fell from $0.53 a year earlier, and reports cited a 74% drop in profit and a 60% decline in adjusted net income. The earnings disappointment, linked in part to a crypto slump, is a key pressure on the stock. Article: eToro Q3 Accounts Grow as Profit Falls

eToro Group Company Profile

eToro Group operates an online investing and trading platform that combines access to financial markets with social investing features. Depending on a user’s location, the platform offers instruments such as stocks, exchange-traded funds and cryptoassets, as well as other trading products. The company’s features include tools for researching and discussing investments and CopyTrader, which lets users view and automatically mirror the portfolios of other investors. Product availability varies by jurisdiction and is subject to local regulations.