Wall Street Zen lowered shares of Nebius Group (NASDAQ:NBIS - Free Report) from a hold rating to a sell rating in a report published on Friday.
Other equities research analysts also recently issued research reports about the stock. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. DA Davidson raised their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $66.80.
Check Out Our Latest Stock Report on NBIS
Nebius Group Trading Down 1.7%
Shares of Nebius Group stock traded down $0.90 during trading hours on Friday, reaching $52.79. The stock had a trading volume of 9,554,866 shares, compared to its average volume of 11,316,395. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of -92.61 and a beta of 3.25. Nebius Group has a 1 year low of $14.09 and a 1 year high of $56.16. The firm has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $35.20.
Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $55.30 million during the quarter. The company's revenue was up 385 compared to the same quarter last year. During the same period in the prior year, the company posted ($0.25) earnings per share. Sell-side analysts forecast that Nebius Group will post -1.1 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBIS. Signaturefd LLC raised its position in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock valued at $388,000 after purchasing an additional 326 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group during the 2nd quarter valued at $31,000. ORG Partners LLC raised its stake in Nebius Group by 369.1% during the second quarter. ORG Partners LLC now owns 760 shares of the company's stock valued at $39,000 after buying an additional 598 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Nebius Group in the second quarter worth $40,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.
About Nebius Group
(
Get Free Report)
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.
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