Seaport Res Ptn Upgrades Nebius Group (NASDAQ:NBIS) to "Hold"

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.

Seaport Res Ptn upgraded shares of Nebius Group (NASDAQ:NBIS - Free Report) to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group started 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 on the stock. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 14th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. DA Davidson reiterated a "buy" rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Finally, Arete started coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Two 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 company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Performance

NASDAQ:NBIS traded up $3.37 during midday trading on Monday, reaching $97.49. The stock had a trading volume of 11,315,108 shares, compared to its average volume of 13,589,106. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The stock has a market capitalization of $22.98 billion, a P/E ratio of -171.03 and a beta of 3.55. The firm's fifty day simple moving average is $66.18 and its 200-day simple moving average is $44.95. Nebius Group has a 1-year low of $14.09 and a 1-year 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 analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, equities research analysts forecast that Nebius Group will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of NBIS. Signaturefd LLC increased its position in shares of Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. bought a new position in shares of Nebius Group during the 2nd quarter valued at approximately $31,000. Assetmark Inc. grew its stake in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock valued at $33,000 after acquiring an additional 304 shares during the period. LRI Investments LLC grew its stake in shares of Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Nebius Group during the 2nd quarter valued at approximately $40,000. 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.