Nebius Group (NASDAQ:NBIS) Rating Increased to Hold at Wall Street Zen

Key Points

• Nebius Group's stock rating has been upgraded from a "sell" to a "hold" by analysts at Wall Street Zen, indicating improved sentiment toward the company's performance.
• Goldman Sachs has reissued a "buy" rating with a target price of $120.00, while the average target price among analysts is $91.20.
• Nebius Group reported a revenue of $105.10 million for the last quarter, exceeding analysts' expectations, and has a market cap of $25.98 billion.

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

Several other research analysts have also recently commented on the company. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research note on Monday, September 15th. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, BWS Financial boosted their target price on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $110.22 on Tuesday. Nebius Group has a one year low of $14.09 and a one year high of $114.85. The company has a market cap of $25.98 billion, a price-to-earnings ratio of -193.37 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business's 50 day moving average price is $73.99 and its 200 day moving average price is $49.09.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The company had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, research analysts predict that Nebius Group will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently bought and sold shares of the company. Scientech Research LLC acquired a new stake in Nebius Group during the 1st quarter valued at $869,000. PFG Investments LLC acquired a new stake in Nebius Group during the 1st quarter valued at $860,000. SeaCrest Wealth Management LLC acquired a new stake in Nebius Group during the 1st quarter valued at $453,000. DekaBank Deutsche Girozentrale acquired a new stake in Nebius Group during the 1st quarter valued at $8,519,000. Finally, Colonial River Investments LLC purchased a new position in shares of Nebius Group during the 1st quarter worth $330,000. 21.90% of the stock is 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.

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