Nebius Group (NASDAQ:NBIS) Shares Up 1.9% After Analyst Upgrade

Key Points

• Nebius Group's shares rose by 1.9% following an analyst upgrade from Wall Street Zen, changing their rating from "sell" to "hold."
• The company reported earnings of ($0.38) per share, exceeding analysts' expectations of ($0.41), along with a revenue of $105.10 million for the quarter.
• Despite the positive earnings report, corporate analysts have a consensus rating of "Buy" for Nebius Group with a price target averaging $91.20.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded up 1.9% during mid-day trading on Tuesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $117.65 and last traded at $112.27. 20,340,585 shares were traded during trading, an increase of 47% from the average session volume of 13,846,425 shares. The stock had previously closed at $110.22.

A number of other brokerages have also recently weighed in on NBIS. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a research note on Monday, September 15th. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson restated a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $91.20.

Institutional Trading of Nebius Group

A number of institutional investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group during the 1st quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the 1st quarter valued at approximately $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the 1st quarter valued at approximately $73,782,000. Fred Alger Management LLC purchased a new stake in Nebius Group during the 1st quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Nebius Group during the 1st quarter worth approximately $46,822,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

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 50-day simple moving average of $73.99 and a 200-day simple moving average of $49.09. The company has a market cap of $26.47 billion, a price-to-earnings ratio of -196.96 and a beta of 3.55.

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

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.

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