eToro Group Ltd. (NASDAQ: ETOR) is having one of those “everything at once” moments: strong Q3 numbers, fresh November business metrics, new products, institutional money flowing in, and yet a share price still well below its IPO highs. That combination is exactly why ETOR is showing up so often on stock screens, watchlists, and trading chats right now. [1]
Below is a structured look at where eToro’s stock stands as of December 11, 2025, and what the latest news and forecasts are actually saying.
1. ETOR stock today: price, performance, and range
At around midday on December 11, 2025, eToro Group Ltd. is trading at about $39.21 per share, down roughly 3.8% on the day. That gives the company a market capitalization of about $3.28 billion, placing it squarely in mid‑cap territory. [2]
From a slightly longer lens:
- Over the last few sessions, ETOR has slid from the low‑$40s; it closed at $40.76 on December 10 after a 3.2% drop that day. [3]
- The 52‑week range is wide: a low of $32.66 and a high of $79.96, underscoring how volatile the stock has been since its May IPO. [4]
- A recent valuation piece notes ETOR is down about 37–38% year‑to‑date, even after a 14.4% jump over the last 30 days, reflecting a brutal year followed by a tentative rebound. [5]
So the picture is: mid‑cap fintech, high volatility, and a price still miles below the IPO pop.
2. Fresh news on December 11, 2025
2.1 Federated Hermes joins the shareholder list
The most directly stock‑relevant headline today: Federated Hermes Inc. disclosed a new position in ETOR.
- Federated Hermes bought 170,000 shares in Q2, worth about $11.3 million, giving it roughly 0.21% of the company. [6]
- The same filing round shows multiple smaller new stakes from other institutions (IFP Advisors, Caitong International AM, SBI Securities, TD Waterhouse Canada, and Diametric Capital). [7]
This comes on top of earlier December filings showing:
- Norges Bank acquired 245,000 shares (~$16.3 million, around 0.30% ownership). [8]
- American Century Companies initiated a 100,083‑share position (~$6.7 million, about 0.12% of ETOR). [9]
Taken together, the last few days of filings tell a simple story: large, long‑only institutions have been quietly building positions in ETOR in Q2, even as the stock’s price remained under pressure.
2.2 November trading activity is picking up
eToro also remains busy on the operational side.
On December 8, the company released selected November 2025 business metrics, and those numbers are now being chewed over by the market and the media:
- Assets Under Administration (AUA): $18.8 billion, up 9% year‑on‑year.
- Funded accounts: 3.79 million, up 10% YoY.
- Total trades in Capital Markets: 46.3 million, up 16% YoY.
- Crypto trades: 5.0 million, down 48% YoY.
- Average invested amount per trade fell in both capital markets (‑13%) and crypto (‑28%), a sign of smaller ticket sizes. [10]
A LeapRate piece today highlights exactly this: higher overall trading activity and growth in customer assets in November, echoing the company’s preliminary metrics. [11]
The nuance here: equities and other traditional assets are doing the heavy lifting, while crypto activity has cooled sharply. That’s a big deal for a broker whose earnings leverage crypto volumes.
2.3 Extended trading hours: one‑third of trades now outside regular hours
A separate article today via FinanceMagnates / TradingView notes that roughly one‑third of stock trading on eToro now happens in extended “24/5” market hours. [12]
eToro has been rolling out expanded 24/5 trading windows across stocks, and the fact that about 33% of stock volume already occurs outside the traditional session is a strong engagement signal. It also helps differentiate eToro from brokers that still only offer standard hours or limited pre‑ and post‑market access.
For ETOR shareholders, this matters because extended hours trading:
- can increase overall commission and spread revenue, and
- makes eToro more “sticky” for active traders who want flexibility across time zones.
2.4 New UAE‑Economy Smart Portfolio
On December 10, eToro announced a UAE‑Economy Smart Portfolio, and local media picked the story up today. [13]
Key points:
- The portfolio gives global users diversified exposure to companies listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). [14]
- It fits neatly into eToro’s playbook of pre‑built thematic portfolios, but this one is explicitly geared toward Gulf region growth and diversification.
Again, for ETOR the ticker, this bolsters the “global expansion plus product breadth” investment narrative: more markets, more assets, more ways to keep funded accounts active.
2.5 Today’s valuation spotlight: Simply Wall St calls ETOR modestly undervalued
A new Simply Wall St article dated December 11, 2025 asks whether eToro (ETOR) is undervalued after recent share price volatility. [15]
Their main conclusions:
- At a recent close of $40.76, ETOR traded on a P/E of about 16.6x, below a peer average of ~19.1x and an industry (US capital markets) average of ~25.3x. [16]
- Their fair‑value work suggests a justified multiple closer to 19.3x, implying some upside if sentiment normalises. [17]
- A discounted cash‑flow (DCF) model, however, sees only about 5% upside versus an estimated fair value around $43, suggesting a relatively thin margin of safety. [18]
In other words: undervalued, but not wildly, and the bullish case depends heavily on growth and profitability being sustained.
3. Fundamentals and Q3 2025 results: why the bulls are interested
On November 10, 2025, eToro released its Q3 2025 results, and this is still the fundamental backbone of most current analyst models.
From the company’s release and accompanying coverage: [19]
- Net contribution (a key internal revenue metric) rose 28% year‑on‑year to about $215 million.
- Adjusted EPS came in around $0.60, beating consensus (roughly $0.56).
- Customer assets (AUA) surged to roughly $20.8 billion, up about 75–76% year‑on‑year, driven by higher asset prices and net inflows. [20]
- Management also announced a $150 million share repurchase program, including a $50 million accelerated share repurchase (ASR), signalling confidence in long‑term value. [21]
A widely circulated bull‑case article (summarised on Insider Monkey and Finviz) expands on the Q3 story: [22]
- Crypto net trading contribution jumped 229% YoY and 107% QoQ to $56 million, reflecting a strong resurgence in crypto trading.
- Net interest income climbed 44% YoY to $62 million.
- eToro Money (the wallet and payments side) grew revenues about 50% YoY to $21 million.
- Revenue from traditional asset trading (equities, commodities, FX) fell 21% YoY to $73 million, highlighting some rotation in client behaviour.
- GAAP operating expenses fell quarter‑on‑quarter, helping push GAAP pre‑tax margins to about 32% and adjusted margins to ~31.6%.
- Funded accounts reached roughly 3.73 million, while AUA around $20.8 billion confirmed strong engagement and asset growth.
Put all of that together and the fundamental picture is:
Profitable, growing, asset‑rich, and heavily leveraged to both equity and crypto trading cycles.
Add the longer‑term backdrop from public filings and Wikipedia:
- Revenue of about $931 million in 2024 and net income of roughly $210 million. [23]
- AUM / AUA around $17.5 billion heading into 2025, before the further Q3 boost. [24]
- A global footprint with operations regulated across Europe, the UK, the US, Australia and the UAE. [25]
That’s the raw material behind the bulls’ thesis.
4. Analyst ratings and price targets: mid‑60s seem to be the magnet
Across Wall Street research desks, ETOR currently sits in the “cautiously optimistic” bucket.
4.1 Street consensus and upside
According to MarketBeat:
- ETOR carries an average rating of “Moderate Buy”, with one Strong Buy, twelve Buys, and five Holds.
- The average analyst price target comes in around $66.18 per share. [26]
Zacks’ widely shared note “Wall Street Analysts Believe eToro Group Ltd. (ETOR) Could Rally 43.1%” essentially says: [27]
- The mean target price implies roughly 43% upside from the price at the time of that article (December 1).
- That upside is backed by a positive trend in earnings estimate revisions, which tends to be associated with stronger near‑term performance.
A separate Zacks piece, “Does eToro Group Ltd. (ETOR) Have the Potential to Rally 56.65% as Wall Street Analysts Expect?”, uses a slightly different snapshot of price and targets to get to a 56–57% implied upside. [28]
Given that ETOR now trades in the high‑$30s, a consensus target in the mid‑$60s implies something in the ballpark of 40–70% potential upside, depending on whose “current price” you plug into the math.
4.2 Hedge funds and institutional sentiment
That same bull‑case article notes that 42 hedge fund portfolios held ETOR at the end of Q2, up from none in the prior quarter. [29]
Combine that with recently disclosed positions from Norges Bank, American Century, Federated Hermes, and other asset managers, and you get a picture of growing institutional sponsorship, even if the stock isn’t yet a mega‑cap staple of every fund. [30]
5. Valuation debate: undervalued, fairly valued, or just volatile?
This is where things get spicy.
Recent valuation‑focused pieces land in a surprisingly tight range:
- Simply Wall St: P/E of 16.6x vs peer 19.1x and industry 25.3x → “modest undervaluation” on a multiples basis, but only ~5% upside on their DCF model. [31]
- AInvest / Simply Wall St summary: ETOR is down 37.7% year‑to‑date, but up 14.4% in the last 30 days, and scores 4/6 on their undervaluation checks, with an excess‑return model suggesting slight upside skew. [32]
Overlay that with the Street price targets in the mid‑60s and the powerful Q3 numbers, and the value vs. growth vs. risk conversation becomes:
- Value angle: Current multiples are below many fintech and broker peers, and the stock trades well below its IPO‑day levels (IPO at $52, first‑day close in the high‑$60s; now high‑$30s). [33]
- Growth angle: User assets and funded accounts are growing nicely; crypto trading is back in force; interest income and “Money” revenues are scaling; and eToro continues to roll out new products (24/5 trading, UAE portfolios, etc.). [34]
- Risk angle: Revenue is still heavily dependent on retail trading volumes and crypto volatility, both of which can swing rapidly; November already shows a 48% YoY drop in crypto trade count even as capital‑markets activity rises. [35]
So yes, you can make an undervaluation case—but it very much assumes that recent growth and engagement numbers don’t roll over.
6. Technicals and short‑term trading signals: the bears’ favourite slide
Short‑term traders looking at charts rather than DCFs are currently much more downbeat.
6.1 Daily technicals: “Strong Sell”
According to Investing.com’s technical dashboard, as of December 11, 2025 (17:51 GMT): [36]
- The overall daily technical summary is “Strong Sell”.
- All 12 moving‑average signals (MA5 through MA200, both simple and exponential) are in “Sell” territory.
- The 14‑day RSI is about 31.8, hovering near oversold but not yet screaming reversal.
- MACD, Stochastics, CCI, Williams %R and other oscillators are mostly flashing Sell.
In plain language: the trend is down, and the chart crowd is not in a forgiving mood… yet.
6.2 Short‑term price forecast
A separate technical service, StockInvest.us, notes that: [37]
- ETOR fell 3.26% on December 10, from $42.07 to $40.70, with rising volume on a down day—often a mild warning sign.
- For December 11, they projected a “fair opening price” around $41.09, and a likely intraday range between $39.70 and $41.70 (± about 5%).
- Overall, they label the stock a “Sell candidate” in the short term, expecting “weak performance in the next couple of days or weeks.”
Short‑term signals say: downtrend, higher risk, limited immediate reward—which directly contrasts with the longer‑term fundamental and analyst‑target optimism.
7. Structural tailwinds and key risks
7.1 Tailwinds
A few medium‑term positives keep cropping up across analyses:
- Scale and network effects: eToro reports tens of millions of registered users and several million funded accounts worldwide, giving it a large base to monetise via stocks, ETFs, crypto, smart portfolios, and copy trading. [38]
- Regulated, multi‑jurisdiction footprint: Licenses and operations across Europe, the UK, the US, Australia, and the UAE make it harder to dislodge and easier to cross‑sell products across regions. [39]
- Capital‑light model: The company operates with relatively low leverage, with earlier filings indicating a debt‑to‑equity ratio around 0.09 and strong liquidity (quick ratio ~3.8). [40]
- Buyback firepower: The $150 million repurchase programme adds an extra layer of potential shareholder return if management buys aggressively at current prices. [41]
7.2 Risks
But yes, there are real gremlins:
- Trading‑cycle sensitivity: ETOR’s revenues and net contribution are tied to trading activity; a risk‑off phase or crypto winter can hit both growth and margins quickly, as seen in the sharp drop in crypto trade counts in November. [42]
- Regulatory overhang: Fintech brokers sit under a shifting global regulatory microscope—from leverage caps to crypto rules to marketing standards. Any adverse ruling in a major market would weigh heavily. [43]
- Valuation whiplash: Since its Nasdaq debut in May at a valuation around $5.6 billion and first‑day enthusiasm sending shares into the high‑$60s, ETOR’s market cap has fallen to around $3.3 billion, with the 52‑week range showing just how violently sentiment can swing. [44]
This is not a sleepy dividend stock. It’s a high‑beta fintech tied to risk appetite and trading fever.
8. Bottom line: how to read ETOR on December 11, 2025
If you put all of today’s data points together, the picture for eToro Group Ltd. (ETOR) looks something like this:
- Fundamentals: Profitable, with growing customer assets and funded accounts, strong Q3 numbers, and a clear product roadmap (24/5 trading, regional smart portfolios, copy trading expansion). [45]
- Ownership & Street view: Institutional investors are steadily building stakes; most analysts rate it a Buy or Moderate Buy with targets in the mid‑$60s and implied upside of roughly 40–70% from current levels. [46]
- Valuation: Independent data providers generally see ETOR as modestly undervalued, not screamingly cheap—cheap enough to be interesting, but not so cheap that risk stops mattering. [47]
- Technicals: Short‑term indicators are decidedly bearish, with “Strong Sell” signals across moving averages and oscillators, and external systems tagging it as a short‑term sell candidate. [48]
In short:
Long‑term story: promising but cyclical. Short‑term chart: ugly.
As always, this is not investment advice. Whether ETOR belongs in a portfolio depends on risk tolerance, time horizon, and how comfortable you are owning a broker whose fortunes are tied tightly to market sentiment and crypto volatility.
References
1. en.wikipedia.org, 2. stockanalysis.com, 3. stockanalysis.com, 4. stockinvest.us, 5. www.ainvest.com, 6. www.marketbeat.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. www.marketbeat.com, 10. www.quiverquant.com, 11. www.leaprate.com, 12. www.tradingview.com, 13. www.etoro.com, 14. www.etoro.com, 15. simplywall.st, 16. simplywall.st, 17. simplywall.st, 18. simplywall.st, 19. www.globenewswire.com, 20. www.reuters.com, 21. www.reuters.com, 22. finviz.com, 23. en.wikipedia.org, 24. en.wikipedia.org, 25. en.wikipedia.org, 26. www.marketbeat.com, 27. www.nasdaq.com, 28. finance.yahoo.com, 29. finviz.com, 30. www.marketbeat.com, 31. simplywall.st, 32. www.ainvest.com, 33. www.reuters.com, 34. www.reuters.com, 35. www.quiverquant.com, 36. www.investing.com, 37. stockinvest.us, 38. en.wikipedia.org, 39. en.wikipedia.org, 40. www.marketbeat.com, 41. www.reuters.com, 42. www.quiverquant.com, 43. en.wikipedia.org, 44. www.reuters.com, 45. www.reuters.com, 46. www.marketbeat.com, 47. simplywall.st, 48. www.investing.com
