Latest news with #eToroGroupLtd
Bloomberg
3 hours ago
- Business
- Bloomberg
EToro to Tokenize US Stocks on Ethereum Network for 24/7 Trading
eToro Group Ltd. plans to launch tokenized versions of US-listed stocks, enabling customers to trade equities at any time of day. Though the company declined to specify when the offering would begin, it said it would likely start in Europe. The trading and investing platform will issue the assets as ERC20 tokens on the Ethereum blockchain. Once live, users will be able to trade shares 24/7 and transfer the tokenized stocks between eToro digital wallets. The company added that it will soon offer 24/5 trading with an initial list of 100 US-listed stocks and ETFs.
Yahoo
26-06-2025
- Business
- Yahoo
eToro Group Ltd. (ETOR) Stock Is Very Popular Among Young People, Says Jim Cramer
eToro Group Ltd. (NASDAQ:ETOR) is one of the . eToro Group Ltd. (NASDAQ:ETOR) is an Israeli company that owns and operates a trading platform. It is part of a handful of stocks that belong to companies that allow retail traders to invest in stocks and other assets. The shares have lost 11% year-to-date after they gained 21% in June only to lose 17% over the next couple of days. Cramer has discussed eToro Group Ltd. (NASDAQ:ETOR) several times this year. The shares were listed for trading in mid-May, and in his previous comments, Cramer shared that eToro Group Ltd. (NASDAQ:ETOR) is the only trading platform stock he'd consider apart from Robinhood. Of course, Robinhood remains his top trading stock pick. This time around, the CNBC TV host remarked on younger people buying the stock: 'Carl when I talk to younger people, after they mention NVIDIA, they say took the NVIDIA money. . .And did you see eToro?' On the same day, Cramer discussed eToro Group Ltd. (NASDAQ:ETOR) in detail in Mad Money: 'Alright, about a month later… another really popular trading platform, this one's called eToro, debuted on the Nasdaq with a traditional IPO, and the market lapped it up… So, how do these three brokerages, the platforms, stack up against each other? First, let's take scale because scale is often what dictates what's going to win in a brokerage area. At the end of the first quarter… eToro had just 3.58 million funded accounts with 14.8 billion in assets under administration… Webull and eToro are roughly the same size… Now, what about the financials? We just want to look at revenue growth and some measures of profitability. But comparing the three companies… is surprisingly challenging because they all use different key metrics… But for eToro, we have to use the company's net contribution, which is similar to the net revenue numbers from the other two… eToro has slower growth but much better profitability than Webull… An executive in a suit on the floor of a trading exchange, with screens of stock prices in the background. Now this, eToro, the obvious number two, profitability is nearly as good as Robinhood's, even if the growth is slower… So Robin and eToro are the only two I'd even consider. Robin has a better business, but eToro has a much cheaper stock, selling for 27 times this year's earnings estimates, basically half of Robinhood's valuation of 55 times earnings… On the other hand, eToro got pulverized today after it reported what I thought was a good quarter, in part because the stock had already run up dramatically from where it came public.' While we acknowledge the potential of ETOR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
Deutsche Bank and BofA Initiate Coverage on eToro (NASDAQ:ETOR), Remain Neutral
eToro Group Ltd. (NASDAQ:ETOR) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 9, Deutsche Bank and BofA initiated coverage on the company stock with a $70 and $71 price target, respectively. Deutsche Bank initiated with a Hold rating and sees strong long-term growth potential driven by the company's unique social trading platform. However, the firm also pointed to risks from increasing competition and possible shifts in adoption trends. At 25.7 times projected 2026 earnings, the valuation reflects a balanced view of upside and downside. BofA started coverage with a Neutral rating and pointed toward full valuation after strong recent performance. The firm sees room for growth if U.S. crypto policy under the Trump administration shifts in eToro's (NASDAQ:ETOR) favor. However, the firm also pointed to regulatory and macro risks, and highlighted concerns about limited transparency around growth metrics, client outcomes, execution quality, and the sustainability of its contract for difference mix. A trader in an office, surrounded by financial charts and graphs, looking intently at a stock ticker. On June 10, Cramer provided a detailed analysis of eToro Group Ltd. (NASDAQ:ETOR). Here is what he had to say about the company: 'Alright, about a month later… another really popular trading platform, this one's called eToro, debuted on the Nasdaq with a traditional IPO, and the market lapped it up… So, how do these three brokerages, the platforms, stack up against each other? First, let's take scale because scale is often what dictates what's going to win in a brokerage area. At the end of the first quarter… eToro had just 3.58 million funded accounts with 14.8 billion in assets under administration… Webull and eToro are roughly the same size… Now, what about the financials? We just want to look at revenue growth and some measures of profitability. But comparing the three companies… is surprisingly challenging because they all use different key metrics… But for eToro, we have to use the company's net contribution, which is similar to the net revenue numbers from the other two… eToro has slower growth but much better profitability than Webull… eToro Group (NASDAQ:ETOR) operates a multi-asset trading platform that provides access to equities, crypto, commodities, currencies, and options, both as assets and derivatives. The company also runs a membership program, an education hub, and a money management service, and offers tools for analysis, charting, and extended-hours trading. While we acknowledge the potential of ETOR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Jim Cramer on eToro Group (ETOR): 'It's Very Exciting'
We recently published a list of . In this article, we are going to take a look at where eToro Group Ltd. (NASDAQ:ETOR) stands against other stocks that Jim Cramer discussed recently. On Monday, Mad Money host Jim Cramer addressed the market's reaction to the recent U.S. debt downgrade by Moody's. 'Stories like the US debt downgrade story from Friday, they are classic… Stories that scare people out of very fine stocks that could otherwise make them rich. And sure enough, when Moody's downgraded the debt of the United States on Friday, the last of the three big rating agencies to do so, the market opened hideously as the get out now crowd took action. They fled. Then the market rebounded.' READ ALSO: Jim Cramer Put These 12 Stocks Under the Spotlight and 15 Stocks on Jim Cramer's Radar. Cramer warned that such panic is not a one-off. He mentioned that there will be many other 'get out now' calls issued ahead. He said that the warnings often come from sources who either do not fully grasp the situation or are motivated by less transparent reasons. In his view, some are simply uninformed, while others may be experienced short sellers using fear as a tactic to move markets in their favor. Even if the issues these fear-driven stories point to do materialize, Cramer believes they are manageable. He called out the overuse of the term 'stagflation,' often wielded by bearish commentators to provoke anxiety. He acknowledged how difficult it can be to resist the persuasive nature of such arguments. Still, he encouraged investors to stay the course as he added, 'You'll have to stick with me and we'll sit through this.' 'Let me give you the bottom line: The crucial thing that we in the media can do, and I say this as someone who talks to more individual veterans than almost anyone in the universe, and certainly more than anyone in the media, is simply cool it with the fear mongering and cut off guests who advocate it. A little history and some constructive thought would go a lot further if your goal is not to inflame, but to inform.' For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 19. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: N/A During the episode, Cramer discussed eToro Group Ltd. (NASDAQ:ETOR) and mentioned that he liked it. He commented: 'Then last week, we saw the largest deal since the SmartStop Self Storage offering since weeks ago, and that's when eToro, an Israeli financial technology company best known for a brokerage platform that's popular with retail traders, came public in a deal that raised over $600 million in gross proceeds. You can do worse than that… eToro popped nearly 30% on its first day of trading last week. It's very exciting. It's coming in a bit now, but remains up more than 20% from its offer price. I like it.' Overall, ETOR ranks 15th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ETOR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ETOR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15-05-2025
- Business
- Yahoo
eToro Group IPO: Crypto and stock trading platform's ETOR shares make Nasdaq debut today after delay
The day has finally arrived for those hoping to get in on shares of crypto and stock trading firm eToro Group Ltd. The fintech company is holing its initial public offering, with its shares expected to begin trading on the Nasdaq Wednesday after a monthslong delay. Here's what you need to know about eToro's IPO. Bald eagle live cam update: Now you can watch Big Bear's famous eaglets leave the nest These stunning photos show how nature came back after the world's largest dam removal project If you happen to have a tattoo of the Mountain Dew logo, we have some great news for you eToro is a brokerage company. The fintech firm's official name is eToro Group Ltd., and it offers a trading platform for people to buy and sell stocks, cryptocurrencies, and other assets. In the financial services space, eToro's more traditional competitors are the likes of Charles Schwab, Fidelity, and Vanguard. However, because eToro is a digital-first company, it more closely resembles other digital-first trading platforms like Robinhood. But eToro has some differentiating features that set it apart from other trading platforms. The platform is perhaps most well-known for its 'CopyTrader' feature, which allows eToro users to follow other traders and mimic their trades. The idea behind this feature is that it could help novice traders invest more successfully by replicating the moves of more seasoned investors. Despite going public now, eToro has actually been around for a while. The company was originally founded in 2007. It is headquartered in Tel Aviv, Israel, and has offices around the globe. Today is the first time that eToro has gone public, but it's not the first time the company has tried to. As noted by CNBC, the company originally tried to go public via a merger with a special purpose acquisition company (SPAC) in 2022. SPACs were all the rage in the early pandemic years, but by 2022, they had started to wane as equity markets took a fall. Then in March of this year, eToro announced its intention to go public again—this time via a traditional initial public offering (IPO). While eToro at the time did not give a date for its IPO, it was assumed that it would happen relatively quickly. But eToro's IPO announcement at the end of March couldn't have been more badly timed. It was announced little more than a week before President Donald Trump announced his disastrous Liberation Day tariffs, which sent stock markets around the world tumbling. In April, eToro chose to delay its IPO. However, in early May, as Trump's trade war stance had begun to soften, Bloomberg reported that eToro was once again on the cusp of launching its IPO. And now it's doing just that. On May 5, eToro filed an updated Form F-1 with the U.S. Securities and Exchange Commission (SEC). This form is little changed from the earlier F-1 the company filed in March. In the F-1, eToro reported the following metrics as of December 31, 2024: A global footprint that spreads across 75 countries. Approximately 3.5 million Funded Accounts. Net Contribution of $787 million (up 41% from $557 million in 2023). Total Commission of $931 million (up 46% from $639 million in 2023). Net income of $192 million (up 1,161% from $15 million in 2023). Adjusted EBITDA of $304 million (up 159% from $187 million in 2023). As noted by CNBC, eToro makes its money by charging fees on associated trading transactions, including buy and sell orders, withdrawals, and currency conversions. eToro's priced its shares on Tuesday. It is expected to begin publicly trading today (Wednesday, May 14, 2025). eToro's stock ticker is 'ETOR.' eToro shares will trade on the Nasdaq Global Select Market. The IPO price of ETOR shares is $52, according to a company press release. This exceeds the high end that eToro originally said it was going to sell its shares for. In its F-1 filing, the company said it had planned to sell its shares between $46 and $50 apiece. The higher IPO price suggests that eToro believes there is more substantial demand for its shares than originally thought. In total, eToro's IPO offered 11,923,018 Class A common shares for sale. Nearly six million shares were sold directly by eToro, with most sold by existing eToro shareholders. Though roughly 11.9 million shares were available under eToro's IPO, the company will not receive the proceeds for half of them, because existing private shareholders are selling those shares. That leaves 5,961,509 from which eToro profited. Selling those 5.9 million shares for $52 each netted eToro around $310 million. At its $52 IPO price, CNBC says eToro now has a market cap of approximately $4.2 billion. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
