Nebius Group (NASDAQ:NBIS) Shares Up 3.7% - Here's What Happened

Key Points

• Nebius Group N.V. shares rose by 3.7% to $122.00, with a notable trading volume of 17,383,231 shares, which is a 24% increase from the average session volume.
• The stock received a range of positive analyst ratings, including a "buy" from DA Davidson and BWS Financial, which increased its price target for the company from $90.00 to $130.00.
• Following its recent earnings report, Nebius Group exceeded analysts' expectations with $105.10 million in revenue, as well as a narrower loss per share than projected, demonstrating strong performance despite its current negative earnings.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 3.7% during trading on Wednesday . The company traded as high as $125.31 and last traded at $122.00. 17,383,231 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 14,000,470 shares. The stock had previously closed at $117.70.

Analyst Ratings Changes

NBIS has been the subject of several recent research reports. DA Davidson reissued a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research note on Tuesday, September 9th. BWS Financial boosted their target price 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. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research report on Saturday, September 27th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Price Performance

The stock has a market cap of $28.76 billion, a price-to-earnings ratio of -214.04 and a beta of 3.45. The stock has a fifty day simple moving average of $82.29 and a 200-day simple moving average of $52.85. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

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, beating analysts' consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. As a group, equities research analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Institutional Trading of Nebius Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orbis Allan Gray Ltd grew its position 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 buying an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $96,704,000. Invesco Ltd. grew its holdings in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after purchasing an additional 92,710 shares in the last quarter. Fred Alger Management LLC acquired a new stake in Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in Nebius Group during the first quarter worth $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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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