Nebius Group N.V. (NASDAQ:NBIS) Given Consensus Recommendation of “Buy” by Analysts

Nebius Group N.V. (NASDAQ:NBIS) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.80.

A number of analysts recently issued reports on NBIS shares. 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 target price for the company. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Sunday. BWS Financial boosted their price objective on Nebius Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Arete Research upgraded Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd grew its stake in shares of Nebius Group by 12.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after purchasing an additional 1,949,708 shares during the last quarter. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group in the first quarter worth approximately $96,704,000. Invesco Ltd. raised its holdings in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares in the last quarter. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group during the 1st quarter worth $46,822,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Trading Down 7.4%

Shares of Nebius Group stock opened at $67.19 on Wednesday. The firm has a market cap of $15.84 billion, a PE ratio of -117.88 and a beta of 3.36. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $75.96. 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 business’s fifty day moving average is $54.20 and its two-hundred day moving average is $39.15.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million for the quarter. The company’s revenue was up 385 compared to the same quarter last year. During the same period in the prior year, the business earned ($0.25) earnings per share. Analysts anticipate that Nebius Group 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.