Nebius Group (NASDAQ:NBIS) Shares Up 8% on Analyst Upgrade

Nebius Group N.V. (NASDAQ:NBIS) traded up 8% during trading on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $75.96 and last traded at $74.29. 10,410,301 shares were traded during trading, a decline of 19% from the average session volume of 12,865,587 shares. The stock had previously closed at $68.78.

A number of other analysts have also commented on the stock. Northland Capmk raised shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. BWS Financial boosted their price target on shares of Nebius Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, August 8th. Arete Research raised shares of Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 price objective on the stock. Finally, Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Nebius Group presently has a consensus rating of “Buy” and a consensus target price of $70.80.

Hedge Funds Weigh In On Nebius Group

Large investors have recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in Nebius Group during the first quarter valued at approximately $25,000. Signaturefd LLC raised its position in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. bought a new position in Nebius Group in the 2nd quarter worth $31,000. First Horizon Advisors Inc. bought a new position in shares of Nebius Group in the first quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Stock Performance

The firm’s 50 day moving average price is $51.97 and its 200-day moving average price is $37.76. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of -132.16 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick 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 for the quarter. During the same period last year, the business posted ($0.25) EPS. The firm’s revenue for the quarter was up 385 on a year-over-year basis. On average, analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current 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.