eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) Director Shalev Eddy sold 100,000 shares of the company's stock in a transaction 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 transaction, the director owned 196,779 shares of the company's stock, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
eToro Group Price Performance
Shares of NASDAQ:ETOR opened at $31.98 on Tuesday. The company's fifty day moving average price is $35.44 and its 200 day moving average price is $35.02. eToro Group Ltd. has a 12 month low of $24.74 and a 12 month high of $47.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a market capitalization of $2.65 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.82 and a beta of 1.68.
eToro Group (NASDAQ:ETOR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. eToro Group had a net margin of 2.17% and a return on equity of 20.26%. The firm had revenue of $1.59 billion during the quarter. During the same period last year, the firm earned $0.56 earnings per share. eToro Group's revenue was down 23.9% on a year-over-year basis. As a group, sell-side analysts predict that eToro Group Ltd. will post 2.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Canaccord Genuity Group reduced their target price on eToro Group from $65.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Susquehanna cut their price target on eToro Group from $57.00 to $51.00 and set a "positive" rating on the stock in a research report on Thursday, August 13th. Cantor Fitzgerald cut their price target on eToro Group from $61.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods reduced their price objective on eToro Group from $45.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, August 12th. Finally, UBS Group decreased their price objective on eToro Group from $50.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, eToro Group has an average rating of "Moderate Buy" and an average price target of $50.20.
View Our Latest Report on ETOR
Institutional Investors Weigh In On eToro Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in eToro Group in the 4th quarter valued at about $43,136,000. Bank of New York Mellon Corp acquired a new stake in eToro Group during the 1st quarter worth approximately $6,048,000. Sei Investments Co. purchased a new position in shares of eToro Group in the 1st quarter valued at approximately $2,579,000. Saba Capital Management L.P. grew its stake in shares of eToro Group by 156.2% in the 1st quarter. Saba Capital Management L.P. now owns 203,291 shares of the company's stock valued at $6,105,000 after purchasing an additional 123,952 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of eToro Group in the first quarter valued at approximately $5,706,000.
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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