Seaport Res Ptn Upgrades Nebius Group (NASDAQ:NBIS) to “Hold”

Nebius Group (NASDAQ:NBIS) was upgraded by analysts at Seaport Res Ptn to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also commented on NBIS. The Goldman Sachs Group assumed coverage on Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 target price for the company. DA Davidson restated a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. BWS Financial upped their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $80.80.

Nebius Group Stock Down 1.7%

Shares of NBIS stock opened at $89.43 on Monday. The stock has a 50 day moving average of $64.26 and a 200-day moving average of $44.15. 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 firm has a market cap of $21.08 billion, a PE ratio of -156.89 and a beta of 3.55. Nebius Group has a 12 month low of $14.09 and a 12 month high of $100.51.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. On average, equities analysts predict that Nebius Group will post -1.1 EPS for the current year.

Institutional Trading of Nebius Group

Large investors have recently bought and sold shares of the stock. Scientech Research LLC bought a new stake in Nebius Group in the first quarter valued at $869,000. PFG Investments LLC bought a new stake in shares of Nebius Group during the first quarter worth $860,000. SeaCrest Wealth Management LLC bought a new stake in shares of Nebius Group during the first quarter worth $453,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Nebius Group during the first quarter worth $8,519,000. Finally, Colonial River Investments LLC bought a new stake in shares of Nebius Group during the first quarter worth $330,000. 21.90% of the stock is currently owned by 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.