Key Points
- eToro CEO Hedva Ber sold 55,160 shares on June 1 at an average price of $41.90, totaling about $2.31 million. After the sale, Ber’s stake fell by 72.75% to 20,660 shares.
- The transaction was filed with the SEC and was executed under a pre-arranged Rule 10b5-1 trading plan, which indicates it was scheduled in advance.
- eToro shares were trading at $40.68, and the company recently reported better-than-expected quarterly EPS of $0.91, though revenue fell 35% year over year. Analysts currently rate the stock a Moderate Buy with a consensus price target of $56.56.
eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) CEO Hedva Ber sold 55,160 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the transaction, the chief executive officer owned 20,660 shares in the company, valued at approximately $865,654. This trade represents a 72.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
eToro Group Price Performance
Shares of NASDAQ:ETOR opened at $40.68 on Wednesday. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company's 50 day moving average is $35.81 and its 200 day moving average is $34.57. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.37 billion and a PE ratio of 17.02.
eToro Group (NASDAQ:ETOR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share 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 for the quarter. During the same quarter last year, the company posted $0.69 EPS. eToro Group's quarterly revenue was down 35.0% compared to the same quarter last year. On average, sell-side analysts forecast that eToro Group Ltd. will post 2.76 EPS for the current year.
Institutional Investors Weigh In On eToro Group
Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in eToro Group in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in eToro Group by 365.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company's stock valued at $28,000 after acquiring an additional 727 shares during the period. Blue Trust Inc. acquired a new stake in eToro Group in the 4th quarter valued at $42,000. State of Wyoming grew its stake in eToro Group by 180.0% in the 1st quarter. State of Wyoming now owns 1,932 shares of the company's stock valued at $58,000 after acquiring an additional 1,242 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake 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 valued at $74,000 after acquiring an additional 555 shares during the period.
Analyst Upgrades and Downgrades
ETOR has been the topic of several recent research reports. Bank of America restated a "neutral" rating on shares of eToro Group in a research report on Wednesday, February 18th. TD Cowen upped their price objective on eToro Group from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Citizens Jmp upped their price objective on eToro Group from $85.00 to $90.00 and gave the stock a "market outperform" rating in a research report on Wednesday, May 13th. Susquehanna upped their price objective on eToro Group from $55.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group upped their price objective on eToro Group from $48.00 to $51.00 and gave the stock a "buy" rating in a research report on Monday, April 6th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.56.
View Our Latest Stock Report on eToro Group
eToro Group Company Profile
(
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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