Nebius Group (NASDAQ:NBIS) Shares Gap Up - Here's Why

Key Points

• The share price of Nebius Group opened at $123.77, up from the previous close of $115.61, indicating a strong market interest with a trading volume of 8,540,496 shares.
• Multiple analyst ratings have been positive, with Seaport Res Ptn upgrading to a "hold" and BWS Financial raising their price target to $130.00, suggesting a favorable outlook.
• The company reported earnings of ($0.38) per share, surpassing analyst expectations, and achieved revenue of $105.1 million compared to estimates of $95.6 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $115.61, but opened at $123.77. Nebius Group shares last traded at $121.80, with a volume of 8,540,496 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research note on Monday, September 15th. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Stock Up 5.0%

The firm has a market cap of $28.62 billion, a P/E ratio of -211.78 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $76.49 and a 200-day moving average of $49.99.

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

Institutional Trading of Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orbis Allan Gray Ltd raised its holdings 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 acquiring an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group in the first quarter valued at approximately $96,704,000. Invesco Ltd. raised its stake 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 buying an additional 92,710 shares during the period. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group in the first quarter valued at approximately $46,822,000. 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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