Nebius Group (NASDAQ:NBIS) Stock Price Up 2.8% After Analyst Upgrade

Key Points

• Nebius Group's stock price increased by 2.8% following an upgrade from a sell to a hold rating by Wall Street Zen.
• The company's shares have a consensus rating of "Buy" from analysts, with a target price averaging around $70.80.
• Nebius Group reported a loss of ($0.44) earnings per share, missing analyst expectations and showing significant revenue shortfall for the quarter.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were up 2.8% during mid-day trading on Tuesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $72.70 and last traded at $71.96. Approximately 3,071,172 shares changed hands during trading, a decline of 76% from the average daily volume of 12,827,388 shares. The stock had previously closed at $70.02.

Several other research analysts have also recently weighed in on NBIS. The Goldman Sachs Group started coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete started coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. BWS Financial boosted their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $70.80.

Institutional Trading of Nebius Group

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

Nebius Group Stock Performance

The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of -126.25 and a beta of 3.36. 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's 50 day moving average is $55.68 and its two-hundred day moving average is $40.11.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, August 26th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to analysts' expectations of $95.60 million. Analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group Company Profile

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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