Analysts Set Nebius Group N.V. (NASDAQ:NBIS) PT at $91.20

Nebius Group N.V. (NASDAQ:NBIS) has been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $91.20.

A number of research firms have commented on NBIS. DA Davidson restated a “buy” rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Wall Street Zen upgraded shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, BWS Financial raised their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $129.58 on Thursday. Nebius Group has a twelve month low of $14.09 and a twelve month high of $141.10. The firm has a fifty day simple moving average of $86.82 and a 200 day simple moving average of $54.95. The company has a market capitalization of $30.55 billion, a PE ratio of -227.33 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. On average, sell-side analysts forecast that Nebius Group will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Scientech Research LLC acquired a new position in shares of Nebius Group during the first quarter valued at about $869,000. PFG Investments LLC acquired a new position in shares of Nebius Group during the first quarter valued at about $860,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nebius Group during the first quarter valued at about $8,519,000. Colonial River Investments LLC acquired a new position in shares of Nebius Group during the first quarter valued at about $330,000. Finally, Hardy Reed LLC acquired a new position in shares of Nebius Group during the second quarter valued at about $365,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.