Nebius Group (NASDAQ:NBIS) Stock Price 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% 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 recently issued reports about the stock. Arete began coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group assumed coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $70.80.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently bought and sold shares of NBIS. IFP Advisors Inc purchased a new position in Nebius Group during the 1st quarter worth approximately $25,000. Signaturefd LLC increased its holdings in shares of Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of Nebius Group during the 2nd quarter valued at approximately $31,000. First Horizon Advisors Inc. purchased a new position in shares of Nebius Group during the 1st quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Nebius Group during the 1st quarter valued at approximately $33,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $16.14 billion, a PE ratio of -120.11 and a beta of 3.36. The firm's fifty day moving average price is $53.04 and its two-hundred day moving average price is $38.28.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its 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 for the quarter. The business's revenue was up 385 compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) earnings per share. As a group, equities 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.