Nebius Group (NASDAQ:NBIS) Shares Up 8% After Analyst Upgrade

Key Points

• Nebius Group's stock price increased by 8% after an analyst upgrade from a sell rating to a hold rating.
• Multiple analysts have issued buy ratings for Nebius Group, with price targets ranging from $65.00 to $90.00, reflecting growing confidence in the stock.
• The firm has shown significant revenue growth, with a reported quarterly revenue of $55.30 million, a 385% increase compared to the same period last year.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price shot up 8% during mid-day trading on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $75.96 and last traded at $74.29. 10,410,301 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 12,865,587 shares. The stock had previously closed at $68.78.

Other analysts have also issued reports about the company. BWS Financial raised their price target on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. DA Davidson lifted their price objective on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group started coverage on Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Nebius Group currently has an average rating of "Buy" and a consensus price target of $70.80.

Institutional Investors Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thames Capital Management LLC purchased a new stake in Nebius Group during the 2nd quarter worth approximately $5,391,000. Kingsview Wealth Management LLC bought a new stake in shares of Nebius Group in the 2nd quarter valued at approximately $355,000. Thoroughbred Financial Services LLC bought a new stake in shares of Nebius Group in the 2nd quarter valued at approximately $1,025,000. Cetera Investment Advisers increased its holdings in shares of Nebius Group by 130.5% in the 2nd quarter. Cetera Investment Advisers now owns 138,396 shares of the company's stock valued at $7,657,000 after acquiring an additional 78,348 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in shares of Nebius Group in the 2nd quarter valued at approximately $9,297,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Up 6.0%

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 firm has a market capitalization of $17.20 billion, a P/E ratio of -127.87 and a beta of 3.36. The stock has a fifty day moving average price of $50.52 and a two-hundred day moving average price of $37.29.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The firm had revenue of $55.30 million during the quarter. During the same period in the prior year, the business posted ($0.25) earnings per share. The firm's revenue for the quarter was up 385 compared to the same quarter last year. Research analysts forecast that Nebius Group N.V. will post -1.1 EPS 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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