Nebius Group (NASDAQ:NBIS) Price Target Cut to $175.00 by Analysts at DA Davidson

Key Points

• DA Davidson cut Nebius Group’s price target from $250 to $175 and maintained a “neutral” rating, implying 6.9% downside from the prior close.
• Analyst sentiment remains generally positive but mixed: Nebius has a consensus “Moderate Buy” rating and an average target of $216.29, with targets ranging from $175 to $410.
• Nebius reported stronger-than-expected quarterly results, including $399 million in revenue—up 684% year over year—and an EPS loss of $0.23 versus the $0.81 expected; however, insiders sold $137.4 million of stock in the latest quarter.

Nebius Group (NASDAQ:NBIS - Get Free Report) had its price target cut by research analysts at DA Davidson from $250.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's price target points to a potential downside of 6.90% from the stock's previous close.

A number of other brokerages have also commented on NBIS. Northland Securities increased their price target on Nebius Group from $248.00 to $410.00 and gave the company an "outperform" rating in a research note on Monday, July 20th. Bank of America upped their price objective on Nebius Group from $240.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Zacks Research downgraded Nebius Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Piper Sandler began coverage on shares of Nebius Group in a research report on Monday, August 3rd. They issued a "neutral" rating and a $224.00 price target on the stock. Finally, Robert W. Baird began coverage on shares of Nebius Group in a research note on Wednesday, July 22nd. They set an "outperform" rating and a $250.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.29.

Nebius Group Stock Performance

NBIS opened at $187.97 on Friday. The stock has a market capitalization of $47.56 billion, a price-to-earnings ratio of 60.64 and a beta of 4.23. The company has a fifty day moving average of $224.43 and a 200 day moving average of $163.82. Nebius Group has a fifty-two week low of $62.01 and a fifty-two week high of $299.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. The business had revenue of $399.00 million for the quarter, compared to analysts' expectations of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business's revenue was up 684.0% on a year-over-year basis. As a group, sell-side analysts forecast that Nebius Group will post -1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Wilson Iv Boynton sold 5,812 shares of Nebius Group stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the completion of the transaction, the director directly owned 378,665 shares of the company's stock, valued at approximately $95,912,057.85. The trade was a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 16,937 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the sale, the chief technology officer directly owned 274,763 shares in the company, valued at $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 651,704 shares of company stock valued at $137,422,230.

Institutional Investors Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Nebius Group by 34,371.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company's stock worth $7,848,000 after acquiring an additional 93,490 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Nebius Group in the 4th quarter worth approximately $24,756,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Nebius Group in the 1st quarter worth approximately $1,087,000. Geode Capital Management LLC boosted its stake in shares of Nebius Group by 1,095.7% during the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company's stock valued at $169,840,000 after purchasing an additional 1,875,612 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in Nebius Group during the first quarter valued at approximately $735,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source