Nebius Group (NASDAQ:NBIS) Reaches New 1-Year High - Here's What Happened

Key Points

• Nebius Group reached a new 12-month high, trading as high as $102.46, with a last trading price of $103.80 amidst a trading volume of over 5.6 million shares.
• Analysts have mixed ratings on Nebius Group, with a consensus rating of "Buy" and a target price of $91.20, while some, like Wall Street Zen, have downgraded the stock to "sell."
• The company reported a quarterly profit exceeding expectations, with revenues of $105.10 million, surpassing the projected $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $102.46 and last traded at $103.80, with a volume of 5614253 shares traded. The stock had previously closed at $99.31.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Seaport Res Ptn raised Nebius Group to a "hold" rating in a report on Monday, September 15th. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Monday. Arete initiated coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Finally, BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Up 7.3%

The firm's 50-day simple moving average is $68.37 and its 200 day simple moving average is $46.21. The company has a market cap of $25.13 billion, a P/E ratio of -187.02 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.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Nebius Group

Several institutional investors and hedge funds have recently made changes to their positions in NBIS. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group during the 1st quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group during the 1st quarter valued at $96,704,000. Invesco Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $73,782,000. Fred Alger Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $46,822,000. Institutional investors own 21.90% of the company's stock.

About Nebius Group

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.