Nebius Group (NASDAQ:NBIS) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Nebius Group (NASDAQ:NBIS) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Zacks Research raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Citigroup raised their price objective on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Finally, Wolfe Research assumed coverage on Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Nebius Group has an average rating of “Moderate Buy” and a consensus target price of $222.15.

Nebius Group Trading Up 1.3%

Shares of Nebius Group stock opened at $220.97 on Tuesday. The firm’s 50 day simple moving average is $228.94 and its two-hundred day simple moving average is $156.87. The firm has a market capitalization of $55.91 billion, a price-to-earnings ratio of 71.28 and a beta of 4.10. Nebius Group has a 12-month low of $50.00 and a 12-month high of $299.86. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. The firm’s revenue was up 684.0% compared to the same quarter last year. Analysts predict that Nebius Group will post -1.91 EPS for the current year.

Insider Activity

In related news, insider Andrey Korolenko sold 33,871 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $7,974,926.95. Following the completion of the transaction, the insider owned 551,338 shares in the company, valued at $129,812,532.10. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 668,405 shares of company stock worth $140,422,170.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Orbis Allan Gray Ltd increased its holdings in Nebius Group by 12.4% in the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after acquiring an additional 1,949,708 shares in the last quarter. Morgan Stanley lifted its holdings in Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock valued at $310,099,000 after purchasing an additional 964,984 shares in the last quarter. Clear Street Group Inc. lifted its holdings in Nebius Group by 95.0% during the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock valued at $293,943,000 after purchasing an additional 1,710,924 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Nebius Group by 14.9% in the first quarter. Janus Henderson Group PLC now owns 3,221,553 shares of the company’s stock valued at $334,263,000 after purchasing an additional 416,733 shares during the period. Finally, State Street Corp grew its position in shares of Nebius Group by 2,391.3% in the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares during the period. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Key Nebius Group News

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nvidia’s disclosed 9.3% ownership stake has intensified bullish sentiment and helped validate Nebius as a key AI infrastructure player. Nebius Group (NBIS) Draws Nvidia Backing, Is It Still Below Fair Value?
• Positive Sentiment: Nebius also validated its first Vera Rubin NVL72 rack in Finland, underscoring early access to Nvidia’s latest hardware and strengthening the strategic partnership between the two companies. Nebius validates first Vera Rubin NVL72 rack in Finland days after NVDA stake
• Positive Sentiment: Wall Street turned more constructive on the stock, with Robert W. Baird upgrading Nebius to strong-buy/outperform and Northland Securities raising its price target, adding to the rally. Nebius Group is now covered by Robert W. Baird
• Positive Sentiment: Coverage highlighting the Nvidia stake and bullish analyst commentary reinforced the view that Nebius could still trade below fair value despite the sharp move higher. Cementing the Sky: Why NVIDIA’s Bet on Nebius Matters

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.