By: Bithi
Published on: Jun 11, 2025
Cathie Wood’s ARK Invest made a bold move on Tuesday, purchasing thousands of shares of eToro Group (ETOR) as the trading platform navigated a volatile session following its Q1 earnings report. The stock saw sharp fluctuations, briefly hitting new highs before retreating.
Wood’s ARK Fintech Innovation (ARKF) ETF acquired 49,922 shares of ETOR, valued at approximately $3.34 million. This purchase aligns with ARK’s strategy of investing in disruptive fintech platforms.
Monday: ETOR surged 11% to $75.97, surpassing a traditional buy point.
Tuesday: The stock opened higher but later dropped 12% to $66.96.
Wednesday: ETOR fluctuated, sliding 5% to $63.60 in early trading.
eToro reported Q1 EPS of $0.69, a 9% decline from $0.76 in Q1 2024 but exceeding analyst expectations of $0.59-$0.61. Revenue grew 11% to $3.75 billion, driven by increased user acquisition and retention.
Following the earnings release, 15 analysts initiated coverage:
10 analysts issued buy/outperform ratings.
5 analysts gave neutral ratings.
Price targets ranged from $70 (Deutsche Bank, USB, Susquehanna) to $85 (JPM Securities).
Goldman Sachs analyst James Yaro highlighted eToro’s expansion potential in the fragmented European brokerage market, while Canaccord’s Joseph Vafi praised its next-gen digital disruption.
Funded accounts: 3.61 million as of May, up 14% year-over-year.
Assets under administration: $16.9 billion, marking a 21% increase.
IPO debut: ETOR went public on May 14, surging 29% from its initial offering price of $52.
Cathie Wood’s investment in eToro signals confidence in the platform’s long-term growth and market positioning. Despite volatility, analysts remain optimistic about its social trading tools and expansion strategy.
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