Eddy Shalev (Director) sold $3.1M of stock
SEC Form 4
Etoro Group Ltd. is a US-listed company in the investment banking & brokerage industry. Its financial year ends in December.
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 3 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
- Funds91 adding, 67 cuttingOf 36 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Etoro Group Ltd.'s trailing-twelve-month revenue grew 9.5% year on year, with a free-cash-flow margin of 2.3%. Where it stands out: stock pay as % of revenue of 0.1% ranks 3 of 36 investment banking & brokerage companies we cover. Where it lags: change in growth rate of -215.8pp ranks 39 of 40 investment banking & brokerage companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 9.5% (-215.8pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Etoro Group Ltd.'s latest figures clears our strength thresholds.
Things to watch
- Growth slowing. The growth rate is 215.8 points lower than a quarter earlier.
- Share dilution. Diluted shares rose 11.5% in a year.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
- Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 11.0% over 90 days.
Latest results
- Earnings per share
- $0.58 against an average estimate of $0.61: missed by 4.6%
- Next report
- November 10, 2026; average EPS estimate $0.28
Price chart
- 1 day-0.6%
- 1 week-5.3%
Loading chart…
Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $13.8B
- Net margin
- 1.6%
- EPS (TTM, diluted)
- $2.27
Growth
- Revenue growth
- +9.5%
- Change in growth rate
- −215.8 pts
- Share count change
- +11.5%
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Insider trade
No model value for Etoro Group Ltd. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
Valuation models
We value Etoro Group Ltd. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$45 ~$35–$68 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$50 ~$30–$82 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$17 ~$200–$750 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Etoro Group Ltd. with brokers, investment banks and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 10, 2026, before the open. Analysts expect revenue of $186m and EPS of $0.28 (range $0.15 to $0.37) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $2.33 | +3% | $891m | +3% |
| Next | $2.98 | +28% | $992m | +11% |
Next year's EPS estimate has moved −11.0% in 90 days, across 14 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −18.2% on 90 days ago. In the last 30 days, 1 analyst raised Etoro Group Ltd.'s forecast and 5 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $2.84 | $3.35 |
| 60 days ago | $2.56 | $3.09 |
| 30 days ago | $2.53 | $3.09 |
| 7 days ago | $2.41 | $3.06 |
| Now | $2.33 | $2.98 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.61 | $0.58 | −4.6% |
| Mar 2026 | $0.70 | $0.86 | +22.7% |
| Dec 2025 | $0.60 | $0.69 | +15.4% |
| Sept 2025 | $0.55 | $0.53 | −3.8% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 7.5% of tradable shares
- Days to cover
- 3.45 at average volume
- Short interest, 1 month
- +13% to October 15, 2026
- Held by institutions
- 55% of shares
- Held by insiders
- 15.7% of shares
- Employees
- 1,520 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Etoro Group Ltd. in five measures
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 3.9 | 12.6 | 13.8 |
| Gross profit | 0.0 | 0.2 | 0.3 |
| Net income | 0.0 | 0.2 | 0.2 |
| Diluted EPS | $0.18 | $2.26 | $2.27 |
| Growth (year on year) | |||
| Revenue | — | +225.3% | +9.5% |
| Margins | |||
| Gross margin | 0.7% | 1.9% | 1.8% |
| Net margin | 0.4% | 1.5% | 1.6% |
| Free-cash-flow margin | 2.9% | 2.1% | 2.3% |
| Cash flow | |||
| Cash from operations | 0.1 | 0.3 | 0.3 |
| Capital spending | 0.0 | 0.0 | 0.0 |
| Free cash flow | 0.1 | 0.3 | 0.3 |
| Stock-based pay | 0.1 | 0.0 | 0.0 |
| Free cash flow after stock pay | 0.0 | 0.2 | 0.3 |
| Balance sheet | |||
| Cash | 0.4 | 0.6 | 1.1 |
| Total debt | 0.0 | 0.0 | 0.0 |
| Net debt (negative = net cash) | −0.4 | −0.6 | −1.1 |
| Diluted shares | 83m | 85m | 95m |
Dividends, buybacks and capital spending
- Diluted share count
- +11.5%
- year over year
- R&D spending
- 1.1%
- of revenue
Competitors: side by side with peers
| Last 12 months unless stated | ETOR | JEF | RJF | LPLA | SCHW | IBKR | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $13.8bn | $12.2bn | $17.0bn | $20.4bn | $26.0bn | $6.9bn | $2.0bn |
| Revenue growth, last 12 months | 9.5% | 13.5% | 8.0% | 31.0% | 20.3% | 21.3% | 20.7% |
| Revenue growth, 3-year average | — | 18.7% | 10.8% | 27.9% | 7.8% | 12.8% | 16.2% |
| Revenue growth, latest quarter | — | 11.1% | 13.5% | 17.4% | 20.9% | 28.1% | 17.4% |
| Gross margin | 1.8% | 98.7% | — | — | — | — | 3.6% |
| Net margin | 1.6% | 7.3% | 13.6% | 6.8% | 38.8% | 16.4% | 5.8% |
| Cash from operations / revenue | 2.3% | 36.3% | 9.6% | 8.7% | 43.9% | 231.9% | 7.7% |
| Free-cash-flow margin | 2.3% | 34.5% | 8.5% | 4.9% | 41.5% | 231.0% | 5.2% |
| Free-cash-flow margin, 3-year average | — | −1.5% | 11.3% | −2.2% | 56.3% | 212.3% | 16.8% |
| Stock pay / revenue | 0.1% | 3.1% | 1.4% | 0.4% | 1.3% | 1.8% | 4.7% |
| Change in share count | 11.5% | 0.0% | −3.9% | 2.8% | −3.2% | 4.7% | 1.2% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 9.5% | 20.8% | 28 of 40 |
| Change in growth rate Growth | -215.8pp | -0.3pp | 39 of 40 |
| Net margin Profitability | 1.6% | 6.0% | 27 of 40 |
| Stock pay as % of revenue Cash generation | 0.1% | 4.8% | 3 of 36 |
| Change in share count Balance sheet | 11.5% | 1.2% | 25 of 35 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
Funds buying and selling- Reported value
- $1.3B
- Institutions reporting
- 150
- Shares held vs prior quarter
- ▲ 20.1%
- Positions opened / closed
- 35 / 23
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Harel Insurance Investments & Financial Services Ltd. | $231M | 5.9M | 17.7% | ▲ 194.6% |
| Peak6 LLC | $66.1M | 1.7M | 5.1% | ▼ 50.8% |
| Marshall Wace, LLP | $64.6M | 1.6M | 5.0% | ▲ 37.5% |
| Blackrock, Inc. | $60.3M | 1.5M | 4.6% | ▲ 91.3% |
| Susquehanna International Group, LLP | $56.9M | 1.4M | 4.4% | ▼ 12.4% |
| Adage Capital Partners Gp, L.L.C. | $51.9M | 1.3M | 4.0% | ▲ 4.6% |
| Price T Rowe Associates Inc | $40.3M | 1.0M | 3.1% | ▲ 63.5% |
| Ibex Investors LLC | $40.3M | 1.0M | 3.1% | 0.0% |
| Invesco Ltd. | $34.2M | 866K | 2.6% | ▼ 18.8% |
| T. Rowe Price Investment Management, Inc. | $33.8M | 857K | 2.6% | ▲ 29.9% |
| Frontier Capital Management Co LLC | $32.8M | 832K | 2.5% | New |
| Panagora Asset Management Inc | $31.5M | 798K | 2.4% | ▲ 750.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Etoro Group Ltd.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $9.8M 6 trades by 3 insiders · 24% under pre-set plans
Net ▼ $9.8M net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Eddy Shalev Director | August 28, 2026 | Sell | 99,100 | $31.19 | $3.1M |
| Eddy Shalev Director | August 28, 2026 | Sell | 900 | $31.92 | $28,728 |
| Politi Santo Director | August 12, 2026 | Sell | 5,783 | $28.01 | $161,982 |
| Ber Hedva Global COO & Deputy CEO | June 1, 2026 | Sell pre-set plan | 55,160 | $41.90 | $2.3M |
| Eddy Shalev Director | May 14, 2026 | Sell | 100,000 | $41.26 | $4.1M |
| Politi Santo Director | May 14, 2026 | Sell | 2,892 | $41.04 | $118,688 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Recent SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Etoro Group Ltd. in brief
- What does Etoro Group Ltd. do?
- Etoro Group Ltd. is a US-listed company in the investment banking & brokerage industry. Its financial year ends in December.
- What is Etoro Group Ltd.'s stock ticker?
- Etoro Group Ltd. trades under the ticker ETOR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Etoro Group Ltd.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Etoro Group Ltd. reported revenue of $13.8B, 9.5% higher than a year earlier, according to its SEC filings.
- What is Etoro Group Ltd.'s free cash flow?
- Etoro Group Ltd.'s free-cash-flow margin is 2.3% of revenue over the trailing twelve months.
- Who are Etoro Group Ltd.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Harel Insurance Investments & Financial Services Ltd., Peak6 LLC and Marshall Wace, LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Who are Etoro Group Ltd.'s competitors?
- In our Investment Banking & Brokerage peer group, the companies closest to Etoro Group Ltd. are Jefferies Financial Group Inc., Raymond James Financial, LPL Financial Holdings Inc., Charles Schwab Corporation and Interactive Brokers. The side-by-side comparison below sets their revenue, margins and growth against Etoro Group Ltd.'s.
- Are insiders buying or selling Etoro Group Ltd. stock?
- Over the last 12 months, Etoro Group Ltd.'s directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
- When is Etoro Group Ltd.'s next earnings date?
- Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Etoro Group Ltd. announces its own schedule.
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