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eToro Group Ltd

eToro Group Ltd

ETOR
$35.98USD↓-3.90%-1.46 today

MARKET CAP

2.9B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$35 – $37

52W RANGE

$25
$66

AI Summary

Stalk
Sell NowMedium

ETOR is in a Stage 3 Distribution with confirmed lower-high, lower-low price structure and accelerating distribution pressure. The medium-term bias is bearish under loss of support at the EMAs and 50 DMA, and short-term timing favors selling now into rallies at the falling 9-EMA and 21-EMA. Extreme oversold conditions pose a relief-bounce risk, while a reclaim above key EMAs would invalidate the bearish thesis.

  • ↑Q1 net contribution grew 19% YoY to $258M; adjusted EBITDA up 35% to $109M.
  • ↑Funded accounts rose 13% YoY to 4.07M and AUA climbed 18% to $20.1B.
  • ↓Negative earnings yield indicates potential overvaluation deterring income investors.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

eToro Group Ltd. (NASDAQ: ETOR) is a prominent player in the online trading sector, providing a diverse multi-asset investment platform that democratizes financial markets by allowing users to trade in various asset classes including stocks, cryptocurrencies, and commodities. The company positions itself at the intersection of traditional finance and the burgeoning digital asset economy, with a strong commitment to innovation through AI-driven trading tools and community-focused features, such as copy trading, aiming to enhance user engagement and education.

Bull says

  • ↑Q1 net contribution grew 19% YoY to $258M; adjusted EBITDA up 35% to $109M.
  • ↑Funded accounts rose 13% YoY to 4.07M and AUA climbed 18% to $20.1B.
  • ↑Mean analyst target of $57.2 implies 46% upside with Strong Buy consensus.
  • ↑Acquisition of Zengo and AI tool ‘Tori’ enhance crypto offerings and engagement.
  • ↑High Book-to-Price ratio (~1.4x) and positive analyst revisions signal undervaluation.
  • ↑$1.2B cash supports $103M buyback in Q1 and an active M&A pipeline.

Bear says

  • ↓Negative earnings yield indicates potential overvaluation deterring income investors.
  • ↓Crypto trading revenue plunged 72% YoY, underscoring segment cyclicality.
  • ↓CEO sold 72% of her holdings, raising insider confidence concerns.
  • ↓Weak profitability metrics and balance sheet vulnerabilities cloud financial health.
  • ↓High trading volatility may trigger sell-offs during market downturns.
  • ↓Risk of user churn as traders shift focus from crypto to commodities.

Investment themes with ETOR

FinTech Lending↓ -0.02%

Financial technology companies providing loans

SOFI · COIN · FIS
Payments↑ +0.79%

Digital and traditional payment processing solutions

XYZ · MA · V

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-12-2026bullish

Transcript signals

Bull points

  • First quarter net contribution grew 19% year-over-year to $258 million, and adjusted EBITDA grew 35% year-over-year to $109 million.
  • our adjusted EBITDA margin was 42% compared to 37% a year ago, demonstrating very strong margin results due to higher net contribution in the quarter.
  • Our KPIs reflect strong momentum in the first quarter, with AUA increasing 15% year-over-year to $17 billion and funded accounts growing 12% year-over-year to $4.02 million.

Bear points

  • Net trading contribution from crypto was $13 million, with a year-over-year decline driven primarily by lower trading activity and customers shifting to trade commodities.
  • Net interest income contributed $48 million, down 5% year-over-year, largely driven by a lower interest rate environment and user deleveraging amid market volatility.
Read full transcript analysis ›