Nebius Group Target of Unusually Large Options Trading (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBISGet Free Report) was the recipient of some unusual options trading activity on Monday. Investors bought 83,616 call options on the stock. This represents an increase of 50% compared to the typical daily volume of 55,880 call options.

Hedge Funds Weigh In On Nebius Group

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in shares of Nebius Group in the 1st quarter worth about $25,000. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the second quarter worth about $31,000. First Horizon Advisors Inc. bought a new stake in Nebius Group during the first quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the first quarter valued at approximately $33,000. Finally, Manchester Capital Management LLC bought a new stake in shares of Nebius Group in the 1st quarter valued at approximately $34,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

NASDAQ NBIS opened at $53.53 on Wednesday. Nebius Group has a 1-year low of $14.09 and a 1-year high of $55.75. The business has a 50 day simple moving average of $43.89 and a two-hundred day simple moving average of $34.66. The stock has a market capitalization of $12.62 billion, a PE ratio of -93.91 and a beta of 3.25.

Nebius Group (NASDAQ:NBISGet Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $55.30 million during the quarter. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The firm’s quarterly revenue was up 385 compared to the same quarter last year. On average, analysts anticipate that Nebius Group will post -1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NBIS shares. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group began coverage on Nebius Group in a research report on Monday. They set a “buy” rating and a $68.00 target price for the company. DA Davidson boosted their price target on Nebius Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Finally, BWS Financial upped their target price on shares of Nebius Group from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $66.80.

Check Out Our Latest Research Report on Nebius Group

About Nebius Group

(Get Free Report)

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.

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