Nebius Group (NASDAQ:NBIS - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.
A number of other research analysts have also recently commented on NBIS. The Goldman Sachs Group assumed coverage on Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. BWS Financial boosted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. DA Davidson reissued a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Finally, Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $80.80.
Check Out Our Latest Analysis on Nebius Group
Nebius Group Stock Performance
NASDAQ:NBIS opened at $90.41 on Friday. The stock has a 50-day moving average price of $62.55 and a 200 day moving average price of $43.34. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group has a 12-month low of $14.09 and a 12-month high of $100.51. The stock has a market capitalization of $21.31 billion, a P/E ratio of -158.61 and a beta of 3.55.
Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Equities research analysts forecast that Nebius Group will post -1.1 EPS for the current fiscal year.
Institutional Investors Weigh In On Nebius Group
Several hedge funds have recently made changes to their positions in NBIS. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group in the 4th quarter worth $9,505,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth $80,000. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth $36,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth $570,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth $453,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.
Nebius Group Company Profile
(
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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