Nebius Group (NASDAQ:NBIS) Shares Up 1.1% - Should You Buy?

Key Points

• Nebius Group (NASDAQ:NBIS) shares rose 1.1% during mid-day trading, with a last trading price of $107.80 and a notable increase in trading volume by 21% compared to the average.
• Analysts have issued a generally positive outlook on Nebius Group, with an average rating of "Buy" and a target price of $91.20, with DA Davidson and Goldman Sachs setting target prices of $75.00 and $120.00 respectively.
• In its recent earnings report, Nebius Group surpassed analyst expectations with revenue of $105.10 million and an EPS of ($0.38), indicating potential growth despite an overall negative P/E ratio.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $109.98 and last traded at $107.80. 16,589,743 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 13,718,216 shares. The stock had previously closed at $106.60.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NBIS. DA Davidson reiterated a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. 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 objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Performance

The stock has a market cap of $25.41 billion, a P/E ratio of -189.12 and a beta of 3.55. The firm's 50-day moving average is $68.37 and its two-hundred day moving average is $46.21. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. As a group, research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the period. SJS Investment Consulting Inc. acquired a new stake in shares of Nebius Group in the second quarter worth $31,000. Assetmark Inc. grew its stake in shares of Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after acquiring an additional 304 shares during the last quarter. LRI Investments LLC grew its stake in shares of Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after acquiring an additional 310 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Nebius Group in the second quarter worth $40,000. 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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