Nebius Group (NASDAQ:NBIS) Reaches New 1-Year High After Analyst Upgrade

Key Points

• Nebius Group (NASDAQ:NBIS) reached a new 52-week high of $117.40 following an upgrade from Wall Street Zen, which changed the stock's rating from sell to hold.
• The company has received multiple positive ratings from analysts, with the consensus rating being a Buy and an average target price of $91.20.
• During its last earnings announcement, Nebius reported $105.10 million in revenue, exceeding estimates, and recorded a net margin of 99.34%.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $117.40 and last traded at $114.98, with a volume of 4797178 shares. The stock had previously closed at $110.22.

NBIS has been the topic of several other research reports. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. DA Davidson restated a "buy" rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. BWS Financial raised their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Arete initiated coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $91.20.

Institutional Investors Weigh In On Nebius Group

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Nebius Group in the 1st quarter valued at $80,000. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $36,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $570,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $453,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of Nebius Group in the first quarter valued at about $2,957,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Price Performance

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 company's 50 day moving average is $73.99 and its 200 day moving average is $49.09. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of -203.67 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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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