Nebius Group (NASDAQ:NBIS) Downgraded by Wall Street Zen to "Sell"

Key Points

• Nebius Group has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a shift in analysts' outlook on the stock.
• The stock has an average rating of "Buy" with a consensus target price of $91.20, despite various ratings fluctuating between "strong-buy" and "hold" from different analysts.
• For the last quarter, Nebius Group reported earnings per share of ($0.38), exceeding estimates and generating revenue of $105.10 million, surpassing analyst expectations.

Nebius Group (NASDAQ:NBIS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Monday.

A number of other research analysts have also recently commented on the stock. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete started coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Finally, BWS Financial raised their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Two investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Price Performance

Nebius Group stock opened at $99.31 on Monday. The company's fifty day moving average price is $67.28 and its 200 day moving average price is $45.66. Nebius Group has a 1 year low of $14.09 and a 1 year high of $100.51. The stock has a market capitalization of $23.41 billion, a P/E ratio of -174.23 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, equities research analysts anticipate that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NBIS. Signaturefd LLC increased its holdings in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the second quarter valued at approximately $31,000. Assetmark Inc. increased its holdings in shares of Nebius Group by 102.0% in the second 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 increased its stake in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after buying an additional 310 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Nebius Group in the 2nd quarter valued at $40,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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