Nebius Group (NASDAQ:NBIS) Trading Up 1.9% Following Analyst Upgrade

Nebius Group N.V. (NASDAQ:NBIS)’s stock price rose 1.9% during trading on Tuesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $117.65 and last traded at $112.27. Approximately 20,340,585 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 13,846,425 shares. The stock had previously closed at $110.22.

NBIS has been the topic of a number of other reports. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. DA Davidson reissued a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. Arete Research raised Nebius Group to a “strong-buy” rating in a report on Thursday, June 5th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a report on Monday, September 15th. Finally, BWS Financial boosted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $91.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of 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 acquiring an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group during the second quarter valued at $31,000. Assetmark Inc. lifted its position in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after purchasing an additional 304 shares during the period. LRI Investments LLC lifted its position in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Nebius Group during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Trading Up 1.9%

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 company has a market capitalization of $26.47 billion, a price-to-earnings ratio of -196.96 and a beta of 3.55. The business’s 50-day simple moving average is $75.22 and its 200-day simple moving average is $49.53.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. On average, research analysts expect that Nebius Group N.V. will post -1.1 earnings per share 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.