Nebius Group (NASDAQ:NBIS) Reaches New 1-Year High - Should You Buy?

Key Points

• Nebius Group's stock price reached a new 52-week high of $97.87 before closing at $88.02, up from a previous close of $64.06.
• Analysts have mixed ratings on the stock, with ratings ranging from "strong-buy" to "sell," and a consensus target price of $72.80.
• The company reported a quarterly EPS of ($0.44), missing estimates, with revenues of $47.60 million, significantly below expectations of $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.87 and last traded at $88.02, with a volume of 17186447 shares trading hands. The stock had previously closed at $64.06.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NBIS. DA Davidson restated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a report on Tuesday. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, BWS Financial raised their price target on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $72.80.

Nebius Group Stock Performance

The firm has a market cap of $20.92 billion, a price-to-earnings ratio of -154.94 and a beta of 3.55. The firm's fifty day moving average price is $59.19 and its 200-day moving average price is $41.81. 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 (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to analysts' expectations of $95.60 million. Analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently bought and sold shares of the business. Orbis Allan Gray Ltd grew its stake in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after buying an additional 1,949,708 shares during the period. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the first quarter valued at $96,704,000. Invesco Ltd. raised its holdings in Nebius Group by 2.7% in the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock valued at $198,514,000 after acquiring an additional 92,710 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in shares of Nebius Group in the 1st quarter worth about $46,822,000. 21.90% of the stock is currently 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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