Key Points
- Director sale: eToro Group director Shalev Eddy sold 100,000 shares on May 14 at an average price of $41.26, totaling about $4.13 million. The transaction reduced his holdings by 25.2%.
- Strong quarterly earnings beat: eToro reported quarterly EPS of $0.91, beating the $0.70 consensus estimate by $0.21. Revenue came in at $2.44 billion, though it was down 35% year over year.
- Wall Street sentiment remains positive: Analysts currently have a consensus rating of Moderate Buy on ETOR, with an average price target of $55.81. Several firms recently raised their targets, including Needham, Citizens JMP, and Jefferies.
eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) Director Shalev Eddy sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares of the company's stock, valued at $12,245,101.54. This trade represents a 25.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
eToro Group Stock Up 0.3%
Shares of NASDAQ ETOR opened at $40.72 on Tuesday. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $79.96. The firm has a fifty day moving average of $33.89 and a 200-day moving average of $34.30. The stock has a market capitalization of $3.37 billion and a PE ratio of 17.04. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.
eToro Group (NASDAQ:ETOR - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The company had revenue of $2.44 billion during the quarter. During the same period in the previous year, the company earned $0.69 EPS. eToro Group's revenue was down 35.0% on a year-over-year basis. On average, analysts anticipate that eToro Group Ltd. will post 2.76 EPS for the current year.
Analyst Ratings Changes
ETOR has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $52.00 target price on shares of eToro Group in a research note on Monday, February 23rd. Needham & Company LLC increased their price target on eToro Group from $58.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Jefferies Financial Group lifted their price objective on eToro Group from $48.00 to $51.00 and gave the stock a "buy" rating in a report on Monday, April 6th. Citizens Jmp increased their target price on eToro Group from $85.00 to $90.00 and gave the company a "market outperform" rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.81.
View Our Latest Report on eToro Group
Hedge Funds Weigh In On eToro Group
A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in shares of eToro Group by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 15,331 shares of the company's stock worth $460,000 after purchasing an additional 331 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of eToro Group by 7.1% in the third quarter. International Assets Investment Management LLC now owns 8,270 shares of the company's stock valued at $341,000 after purchasing an additional 550 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in eToro Group by 45.1% in the 3rd 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 in the last quarter. Royal Bank of Canada raised its stake in eToro Group by 6.0% during the 1st quarter. Royal Bank of Canada now owns 11,801 shares of the company's stock valued at $354,000 after acquiring an additional 668 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in eToro Group by 23.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company's stock worth $130,000 after acquiring an additional 700 shares during the period.
About eToro Group
(
Get Free Report)
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.
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