Nebius Group (NASDAQ:NBIS) Stock Price Up 1.6% After Analyst Upgrade

Key Points

• Nebius Group's stock price increased by 1.6% following an upgrade from Wall Street Zen from a sell to a hold rating, with shares last trading at $70.09.
• Various analysts have given Nebius Group a Buy or Strong Buy rating, with price targets ranging from $65.00 to $90.00, while the stock's average target price is $70.80.
• The company's recent earnings report showed a significant miss on revenue expectations, with an EPS of -$0.44 versus the expected -$0.41, and an actual revenue of $47.60 million against estimates of $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price was up 1.6% during trading on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $70.28 and last traded at $70.09. Approximately 3,348,669 shares were traded during trading, a decline of 74% from the average daily volume of 12,858,785 shares. The stock had previously closed at $68.98.

A number of other research analysts have also commented on NBIS. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. BWS Financial lifted their price objective on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. 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 target price on the stock. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, DA Davidson boosted their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, Nebius Group currently has an average rating of "Buy" and a consensus target price of $70.80.

Institutional Trading of Nebius Group

A number of institutional investors have recently made changes to their positions in NBIS. Orbis Allan Gray Ltd increased its stake in shares of Nebius Group by 12.4% in 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 during the period. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the first quarter valued at $96,704,000. Invesco Ltd. lifted its position in Nebius Group by 2.7% during the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock valued at $198,514,000 after buying an additional 92,710 shares during the period. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group in the 1st quarter worth about $46,822,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Up 1.6%

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 stock's 50-day moving average price is $55.29 and its two-hundred day moving average price is $39.88. The stock has a market capitalization of $16.53 billion, a PE ratio of -122.97 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to analyst estimates of $95.60 million. As a group, analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal 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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