Nebius Group (NASDAQ:NBIS) Rating Increased to Hold at Seaport Res Ptn

Key Points

• Nebius Group has received a "hold" rating from Seaport Res Ptn, indicating a more cautious outlook compared to previous ratings.
• The stock has an average rating of "Buy" with a consensus target price of $80.80, reflecting optimism among analysts.
• Recent earnings reports show Nebius Group beat consensus revenue expectations, reporting $105.10 million compared to an estimate of $95.60 million.

Nebius Group (NASDAQ:NBIS - Get Free Report) was upgraded by research analysts at Seaport Res Ptn to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Sunday. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. BWS Financial upped their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $80.80.

Nebius Group Stock Performance

Nebius Group stock opened at $90.96 on Monday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $21.44 billion, a PE ratio of -159.58 and a beta of 3.55. The firm has a fifty day simple moving average of $63.41 and a two-hundred day simple moving average of $43.83. Nebius Group has a twelve month low of $14.09 and a twelve month high of $100.51.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Research analysts expect that Nebius Group will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group in the first quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group in the first quarter worth about $96,704,000. Invesco Ltd. purchased a new stake in shares of Nebius Group during the first quarter valued at approximately $73,782,000. Fred Alger Management LLC purchased a new stake in shares of Nebius Group during the first quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group during the first quarter valued at approximately $46,822,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

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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