# eToro Group Ltd. (ETOR)

> Source: Nexqual · https://nexqual.com/ETOR · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, eToro Group Ltd. (ETOR), nexqual.com/ETOR" · informational, not investment advice.

## ETOR major shareholder filing: Schedule 13D/A, Sep 4, 2026
Spark Capital II, L.P., Spark Capital Founders' Fund II, L.P., Spark Management Partners II, LLC filed a Schedule 13D/A on Sep 4, 2026, reporting up to 0.00% of the class (more than 5% owner that may seek to influence the company). Item 4, Purpose of Transaction, quoted:

> The information set forth in Item 4 of the Original 13D is incorporated herein by reference.

Source: https://www.sec.gov/Archives/edgar/data/1493318/000119312526383845/0001193125-26-383845-index.htm

**Price:** USD 23.61 (-0.34% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 23.69 · day 23.12–23.66 · 52w 23.12–44.21 · market cap $1.88B · NMS

## Key facts
- Analysts: Buy (mean 2.20 on a 1–5 scale) (15 analysts), mean target USD 42.9 (range 27.5–75).
- Total return with dividends: 1Y -37.7% vs S&P 500 +13.6%; 5Y -63.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-10, EPS estimate USD 0.28, revenue estimate $186M.

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 15 analysts; mean target USD 42.9 (low 27.5, high 75).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-27 | Cantor Fitzgerald | Target lowered | Overweight | $53 → $48 |
| 2026-10-21 | Needham | Target lowered | Buy | $55 → $54 |
| 2026-10-19 | Canaccord Genuity | Target lowered | Buy | $53 → $47 |
| 2026-10-16 | Keybanc | Target lowered | Overweight | $45 → $40 |
| 2026-10-13 | Susquehanna | Target lowered | Positive | $51 → $46 |
| 2026-10-12 | TD Cowen | Target lowered | Buy | $35 → $33 |
| 2026-10-09 | Citizens | Target lowered | Market Outperform | $90 → $75 |
| 2026-09-18 | Mizuho | Target lowered | Outperform | $52 → $43 |
| 2026-09-15 | Canaccord Genuity | Maintained | Buy | $53 |
| 2026-09-09 | Goldman Sachs | Target raised | Neutral | $32 → $36 |
| 2026-09-01 | Keybanc | Initiated | Overweight | $45 |
| 2026-08-25 | Goldman Sachs | Target lowered | Neutral | $36 → $32 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2025-05-12) |
|---|---|---|
| Total return | -37.7% | -63.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -37.8% | -49.5% |
| Volatility (annualized) | 50.4% | 51.4% |
| Max drawdown | -46.5% (Dec 2025→Oct 2026) | -65.6% (Jun 2025→Oct 2026) |

## Peers (Capital Markets)
MIAX (Miami International Holdings, I) USD 31.98 -1.69% · LAZ (Lazard, Inc.) USD 38.47 +0.79% · MC (Moelis & Company) USD 58.3 +4.33% · PIPR (Piper Sandler Companies) USD 66.96 +2.54% · VIRT (Virtu Financial, Inc.) USD 55.44 +0.82% · RIOT (Riot Platforms, Inc.) USD 14.45 +6.56%

## More
Full page: https://nexqual.com/ETOR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ETOR's own 20-F filed 2026-03-02 (https://www.sec.gov/Archives/edgar/data/1493318/000121390026022034/ea0278371-20f_etoro.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Salesforce (CRM) | "customer relationship marketing and the use of Salesforce tools, our marketing team is able to segment communication to different parts" |
| Partner | Microsoft (MSFT) | "partnerships with leading providers such as Microsoft allow us to scale capacity and decrease our time-to-market." |
| Partner | Alphabet (Google) (GOOGL) | "This involves a dedicated technology stack, coupled with strategic partnerships with digital advertising vendors such as Google, Facebook," |
| Partner | Meta Platforms (META) | "This involves a dedicated technology stack, coupled with strategic partnerships with digital advertising vendors such as Google, Facebook," |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.28 | $0.65 | -56.5% | $186.4M | 12 |
| Next quarter (ends 2026-12-31) | $0.48 | $0.71 | -31.6% | $214.2M | 11 |
| Current fiscal year (ends 2026-12-31) | $2.33 | $2.84 | -18.0% | $891.7M | 14 |
| Next fiscal year (ends 2027-12-31) | $3.00 | $3.35 | -10.5% | $995.6M | 14 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.58 | $0.61 | Miss −4.9% | — |
| — | Quarter ended Mar 31, 2026 | $0.86 | $0.70 | Beat +22.9% | — |
| — | Quarter ended Dec 31, 2025 | $0.69 | $0.60 | Beat +15.0% | — |
| — | Quarter ended Sep 30, 2025 | $0.53 | $0.55 | Miss −3.6% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-04 | Schedule 13D/A | Spark Capital II, L.P., Spark Capital Founders' Fund II, L.P.: 0.0% of shares, 5%+ holder that may seek to influence the company (amended) — “The information set forth in Item 4 of the Original 13D is incorporated herein by…” | https://www.sec.gov/Archives/edgar/data/1493318/000119312526383845/0001193125-26-383845-index.htm |
| 2026-08-14 | Schedule 13G/A | PEAK6 Capital Management LLC, PEAK6 Partners LLC: 2.5% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1493318/000138995626000013/0001389956-26-000013-index.htm |
| 2026-08-14 | Schedule 13G/A | PEAK6 Capital Management LLC, PEAK6 Partners LLC: 2.5% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1493318/000138995626000011/0001389956-26-000011-index.htm |
| 2026-08-11 | 6-K | Current report (foreign issuer) · period ended Aug 11, 2026 | https://www.sec.gov/Archives/edgar/data/1493318/000121390026087527/0001213900-26-087527-index.htm |
| 2026-08-11 | 6-K | Current report (foreign issuer) · period ended Aug 11, 2026 | https://www.sec.gov/Archives/edgar/data/1493318/000121390026087525/0001213900-26-087525-index.htm |
| 2026-08-04 | Schedule 13G/A | China Vered Financial Holding Corp Ltd, CM Strategic Capital Holding Limited: 5.3% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1493318/000121390026084982/0001213900-26-084982-index.htm |
| 2026-07-29 | Schedule 13G/A | Harel Insurance Investments & Financial Services Ltd.: 8.8% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1493318/000117891326003641/0001178913-26-003641-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.