Nebius Group (NASDAQ:NBIS) Reaches New 52-Week High - Here's What Happened

Key Points

• Nebius Group (NASDAQ:NBIS) reached a new 52-week high of $133.34 in mid-day trading, showing significant interest with over 1.5 million shares traded.
• Wall Street analysts have generally rated Nebius Group positively, with BWS Financial recently increasing its price target from $90.00 to $130.00, indicating strong bullish sentiment.
• In its latest earnings report, Nebius Group outperformed expectations with a revenue of $105.10 million, beating the estimated $95.60 million.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $133.34 and last traded at $133.28, with a volume of 1503763 shares trading hands. The stock had previously closed at $127.98.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NBIS shares. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson reissued a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Finally, BWS Financial boosted their price target on shares of 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 two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Up 2.6%

The company's 50-day moving average is $79.50 and its 200 day moving average is $51.71. 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 company has a market capitalization of $30.96 billion, a PE ratio of -230.16 and a beta of 3.45.

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

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Scientech Research LLC purchased a new position in shares of Nebius Group in the first quarter worth approximately $869,000. PFG Investments LLC bought a new stake in Nebius Group during the 1st quarter worth approximately $860,000. SeaCrest Wealth Management LLC bought a new stake in Nebius Group during the 1st quarter worth approximately $453,000. DekaBank Deutsche Girozentrale bought a new stake in Nebius Group during the 1st quarter worth approximately $8,519,000. Finally, Colonial River Investments LLC bought a new stake in Nebius Group during the 1st quarter worth approximately $330,000. 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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