Stock Traders Buy Large Volume of Nebius Group Call Options (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS) was the recipient of unusually large options trading activity on Monday. Traders bought 127,185 call options on the stock. This represents an increase of approximately 42% compared to the typical volume of 89,347 call options.

Hedge Funds Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC lifted its holdings in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. Assetmark Inc. lifted its holdings in Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after purchasing an additional 304 shares in the last quarter. LRI Investments LLC raised its position in shares of Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Nebius Group by 4.9% during the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company’s stock worth $388,000 after acquiring an additional 326 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 target price on the stock. Finally, Arete Research raised shares of Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $91.20.

Nebius Group Stock Performance

NBIS opened at $107.80 on Wednesday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $25.41 billion, a price-to-earnings ratio of -189.12 and a beta of 3.55. Nebius Group has a 52-week low of $14.09 and a 52-week high of $109.98. The firm’s fifty day simple moving average is $69.45 and its two-hundred day simple moving average is $46.64.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analysts’ expectations of $95.60 million. Equities analysts anticipate that Nebius Group will post -1.1 earnings per share for the current fiscal year.

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.