Voya Investment Management LLC Takes Position in eToro Group Ltd. $ETOR

by · The Cerbat Gem

Voya Investment Management LLC acquired a new position in shares of eToro Group Ltd. (NASDAQ:ETOR – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,651 shares of the company’s stock, valued at approximately $894,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC acquired a new stake in eToro Group in the second quarter valued at approximately $278,000. Hennessy Advisors Inc. bought a new position in shares of eToro Group in the 2nd quarter valued at $999,000. Meitav Investment House Ltd. acquired a new stake in shares of eToro Group during the 2nd quarter valued at $366,000. Guild Investment Management Inc. bought a new stake in eToro Group during the 2nd quarter worth $1,468,000. Finally, IFP Advisors Inc acquired a new position in eToro Group in the 2nd quarter worth about $67,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Compass Point initiated coverage on eToro Group in a research note on Monday, October 13th. They set a “buy” rating and a $66.00 price target on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $78.00 price objective on shares of eToro Group in a report on Tuesday, November 11th. The Goldman Sachs Group reduced their target price on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Citigroup decreased their price target on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, UBS Group cut their price target on shares of eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, eToro Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.59.

Read Our Latest Analysis on eToro Group

eToro Group Stock Performance

Shares of eToro Group stock opened at $35.13 on Thursday. The business has a 50-day moving average price of $38.35 and a two-hundred day moving average price of $46.48. eToro Group Ltd. has a 1-year low of $32.66 and a 1-year high of $79.96. The company has a current ratio of 4.63, a quick ratio of 4.63 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.88 billion and a P/E ratio of 18.99.

eToro Group (NASDAQ:ETOR – Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.The company had revenue of $214.60 million for the quarter.

eToro Group Profile

(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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