Latest news with #eToroGroup
Wall Street Journal
a day ago
- Business
- Wall Street Journal
IPO Market Shows Signs of Renewed Vigor
The market for initial public offerings seems to be improving after the stock selloff linked to tariff concerns in early April. Shares in Voyager Technologies rose sharply in their debut on the New York Stock Exchange on Tuesday. Other recent signs of success include a blockbuster debut for crypto from Circle Internet Group and upsized IPOs from Aspen Insurance and trading platform eToro Group. Read more:
Yahoo
2 days ago
- Business
- Yahoo
Cathie Wood Loads Up On This IPO Stock As It Reverses Out Of Buy Zone
Cathie Wood and Ark Invest on Tuesday purchased thousands of shares of IPO stock eToro Group as the trading platform notched a volatile session after reporting first-quarter earnings. Wood's ARK Fintech Innovation ETF added 49,922 shares of ETOR on Tuesday for an estimated $3.34 million, according to daily trade disclosures. The IPO stock edged higher at the opening bell in Tuesday stock market action before sinking nearly 12% to 66.96.
Yahoo
4 days ago
- Business
- Yahoo
Online Trading Platform eToro Stock Hits Record High as Analysts Begin Coverage
Shares of online trading platform eToro Group traded at a record high Monday after analysts began coverage of the stock with positive comments. The online trading platform received a "Buy" rating from Jefferies, and "Neutral" ratings from UBS and Citi. The company began publicly trading last of eToro Group Ltd. (ETOR) surged Monday morning after several analysts initiated coverage of the online trading platform with positive comments. Jefferies gave the stock a "Buy" rating, with a 12-month price target of $80. The analysts wrote that the company is "well-positioned to benefit from the growing adoption of retail investing globally." They noted that eToro's strength in the European Union (EU) and U.K. markets, along with its "differentiated product offering and distinguished brand," put it in a unique position to boost its account base. UBS began its coverage with a "Neutral" rating and $70 price target. The bank's note to investors, entitled "Grabbing Global Retail Investors by the Horns," contained a similar phrase, "well positioned to benefit from increasing retail participation in financial markets, which has been accelerating in the last few years." Still, it noted that since eToro is a newly public company—it began trading last month—it "still has to demonstrate that it can execute on product and market expansion, while near-term results could be volatile." Citi also gave a "Neutral" rating, putting the price target at $72. However, the analysts there also added that it was "high risk," explaining that while they "remain constructive on the health/resiliency of the retail segment and bullish on the outlook for European retail specifically," they see "some challenges as well." The ratings news sent eToro Group shares up 8% to about $74 in recent trading after earlier hitting a record-high $76.75. Read the original article on Investopedia 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
05-06-2025
- Business
- Yahoo
Will This Profitable IPO Follow CoreWeave's Lead?
Shares of new issue eToro Group are near new highs as the trading platform shakes off a post-IPO dip and nears a buy point and other IPO stocks rally. EToro stock is forming an IPO base with a 74.28 buy point, according to IBD MarketSurge pattern recognition. Like many new issues, eToro stock has been volatile.
Yahoo
15-05-2025
- Business
- Yahoo
eToro rises nearly 29% on first trading day in upbeat sign for IPO market
Shares of the trading app eToro Group soared 29% on Wednesday after pricing at a higher-than-expected $52. eToro's impressive debut, which many market watchers viewed as a critical test in a fragile IPO climate, is a promising sign for other companies planning to go public in coming months Earlier Wednesday, eToro's stock opened at $69.69, and then hit a high of $74.28—an increase of around 43% from its listing price—before giving back some of those gains. eToro, which has 98.7 million fully diluted shares, closed Wednesday at $67, up about 29%. This translates to a valuation for eToro of $6.6 billion. eToro late Tuesday raised $620 million after increasing the size of its deal and priced its IPO $2 above its expected range. The trading platform ended up selling 11.92 million shares at $52 each, up from its prior plans to offer 10 million shares at $46 to $50. Founded in 2007, eToro offers a platform for customers to trade assets, including crypto, similar to U.S.-based trading platform Robinhood. A good performance by eToro Wednesday could help open the door to the IPO market, which has been largely dormant since 2021. That year a record 397 companies went public but most of the 'Class of 2021' has performed badly in the after market with only 17.4% trading above their IPO offer prices, according to Renaissance Capital, a provider of pre-IPO research and IPO-focused ETFs. eToro's good first day comes as other high-profile companies are seeking to go public. Late Tuesday, Chime Financial publicly filed for its long-awaited IPO but didn't set terms. Chime plans to list on the Nasdaq under the ticker CHYM. Chime was unprofitable in 2024. Losses narrowed to $25.3 million in fiscal 2024 from $203.2 million in 2023, according to a regulatory filing. But on a quarterly basis, Chime was profitable, reporting $12.9 million for the quarter ended March 31, compared to $15.9 million net income for the same time period in 2024. Circle Internet, the crypto firm, has also publicly filed for its IPO in April. Circle has yet to set terms for its deal. This story was originally featured on 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
