eToro Group (NASDAQ:ETOR) Price Target Lowered to $85.00 at Citizens Jmp
by Amy Steele · The Cerbat GemeToro Group (NASDAQ:ETOR – Get Free Report) had its target price decreased by Citizens Jmp from $90.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 165.13% from the company’s current price.
A number of other research firms also recently weighed in on ETOR. TD Cowen dropped their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. The Goldman Sachs Group decreased their price target on eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a research note on Monday, February 23rd. Finally, Mizuho decreased their price target on eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.56.
Check Out Our Latest Analysis on eToro Group
eToro Group Stock Performance
NASDAQ:ETOR opened at $32.06 on Friday. The business has a 50 day moving average of $29.90 and a 200 day moving average of $34.85. The company has a market capitalization of $2.63 billion and a price-to-earnings ratio of 14.44. eToro Group has a 1-year low of $24.74 and a 1-year high of $79.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89.
eToro Group (NASDAQ:ETOR – Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $3.87 billion during the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.
Hedge Funds Weigh In On eToro Group
A number of large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its stake in eToro Group by 67.4% in 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 purchasing an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of eToro Group by 47.9% during the fourth 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 period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group during the fourth quarter valued at approximately $43,136,000. Invesco Ltd. increased its stake in shares of eToro Group by 14,120.4% during the fourth 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 period. Finally, Capital World Investors increased its stake in shares of eToro Group by 2.6% during the fourth 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 period.
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.