Nebius Group (NASDAQ:NBIS) Lowered to Sell Rating by Wall Street Zen

Key Points

• Nebius Group (NASDAQ:NBIS) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting concerns about its performance.
• Despite the downgrade, the company has received multiple contrasting ratings from other analysts, with a consensus rating of "Buy" and a target price of $70.80.
• The company's quarterly earnings revealed revenue growth of 385% compared to the same quarter last year, though it reported a loss of ($0.48) EPS for the period.

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

NBIS has been the subject of a number of other reports. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. DA Davidson boosted their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group assumed coverage on Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price objective for the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $70.80.

Nebius Group Stock Up 4.6%

NASDAQ:NBIS opened at $71.62 on Friday. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of -125.65 and a beta of 3.36. Nebius Group has a one year low of $14.09 and a one year high of $75.96. The stock has a 50-day simple moving average of $53.50 and a 200 day simple moving average of $38.62. 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 posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The company had revenue of $55.30 million during the quarter. During the same period in the prior year, the business earned ($0.25) earnings per share. The firm's revenue was up 385 compared to the same quarter last year. Sell-side analysts predict that Nebius Group will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC bought a new stake in Nebius Group during the first quarter worth approximately $860,000. SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group in the first quarter valued at $453,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nebius Group in the first quarter valued at $8,519,000. Colonial River Investments LLC bought a new position in shares of Nebius Group in the first quarter valued at $330,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Nebius Group in the first quarter valued at $937,000. Institutional investors own 21.90% of the company's stock.

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.

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