Nebius Group (NASDAQ:NBIS) Shares Up 4.5% - What's Next?

Key Points

• Nebius Group's shares rose 4.5% during trading on Friday, closing at $71.54, with trading volume significantly down by 72% compared to the average daily volume.
• Wall Street analysts have shown a positive outlook, with consensus ratings of "Buy" and an average price target of $70.80, following upgrades from several firms including Northland Capital and DA Davidson.
• The company reported a remarkable 385% year-over-year increase in quarterly revenue, achieving $55.30 million, although it still posted a loss of ($0.48) EPS for the quarter.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was up 4.5% during mid-day trading on Friday . The company traded as high as $71.23 and last traded at $71.54. Approximately 3,604,193 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 12,938,755 shares. The stock had previously closed at $68.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete began coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson upped their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group started coverage on shares of Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Price Performance

The company has a fifty day moving average of $53.04 and a 200-day moving average of $38.28. The firm has a market cap of $16.64 billion, a P/E ratio of -124.03 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million during the quarter. The company's quarterly revenue was up 385 on a year-over-year basis. During the same period last year, the firm earned ($0.25) earnings per share. On average, sell-side analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NBIS. IFP Advisors Inc bought a new position in shares of Nebius Group in the first quarter valued at approximately $25,000. Signaturefd LLC boosted 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 acquiring an additional 250 shares during the period. SJS Investment Consulting Inc. bought a new position in Nebius Group in the 2nd quarter valued at $31,000. First Horizon Advisors Inc. bought a new position in Nebius Group in the 1st quarter valued at $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Nebius Group in the 1st quarter valued at $33,000. 21.90% of the stock is owned by institutional investors.

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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