Nebius Group (NASDAQ:NBIS) Lowered to Sell Rating by Wall Street Zen

Nebius Group (NASDAQ:NBIS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

NBIS has been the topic of several other reports. The Goldman Sachs Group assumed coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a “buy” rating and a $68.00 target price on the stock. Northland Capmk raised shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. DA Davidson boosted their target price on shares of Nebius Group from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Arete assumed coverage on shares of Nebius Group in a report on Thursday, June 5th. They set a “buy” rating and a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $70.80.

Nebius Group Price Performance

NASDAQ NBIS opened at $71.62 on Friday. The stock has a market capitalization of $16.88 billion, a P/E ratio of -125.65 and a beta of 3.36. Nebius Group has a 1 year low of $14.09 and a 1 year high of $75.96. The business’s fifty day moving average is $53.50 and its two-hundred day moving average is $38.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

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

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc purchased a new position in shares of Nebius Group during the 1st quarter valued at $25,000. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group in the second quarter worth $31,000. First Horizon Advisors Inc. bought a new stake in Nebius Group in the first quarter worth $33,000. Finally, Banque Cantonale Vaudoise bought a new stake in Nebius Group in the first quarter worth $33,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Company Profile

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.