Nebius Group (NASDAQ:NBIS) Shares Up 3% on Analyst Upgrade

Nebius Group N.V. (NASDAQ:NBIS)’s share price rose 3% during mid-day trading on Wednesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $115.88 and last traded at $115.61. Approximately 11,946,469 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 13,830,983 shares. The stock had previously closed at $112.27.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Arete Research raised Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. BWS Financial lifted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research note on Monday, September 15th. Finally, DA Davidson restated a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. 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 company. According to MarketBeat, Nebius Group currently has a consensus rating of “Buy” and a consensus target price of $91.20.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new position in shares of Nebius Group during the 1st quarter worth approximately $25,000. Signaturefd LLC raised its position in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the second quarter worth $31,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the first quarter valued at $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

The stock’s 50 day moving average price is $76.49 and its two-hundred day moving average price is $49.99. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of -202.82 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS 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 firm had revenue of $105.10 million during the quarter, compared to analysts’ expectations of $95.60 million. On average, analysts forecast that Nebius Group N.V. will post -1.1 EPS 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.