Nebius Group (NASDAQ:NBIS) Trading Up 2.8% on Analyst Upgrade

Shares of Nebius Group N.V. (NASDAQ:NBIS) were up 2.8% on Tuesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $72.70 and last traded at $71.96. Approximately 3,071,172 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 12,827,388 shares. The stock had previously closed at $70.02.

Several other research analysts have also recently weighed in on the company. Arete Research raised Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. BWS Financial boosted their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. DA Davidson boosted their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Northland Capmk raised Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $70.80.

Institutional Trading of Nebius Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PFG Investments LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $860,000. SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $453,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Nebius Group during the 1st quarter valued at $8,519,000. Colonial River Investments LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $330,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Nebius Group during the 1st quarter valued at $937,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Price Performance

The firm has a market capitalization of $16.62 billion, a P/E ratio of -123.65 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business has a 50 day simple moving average of $56.12 and a two-hundred day simple moving average of $40.32.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Tuesday, August 26th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.03). The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

About Nebius Group

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.