Nebius Group (NASDAQ:NBIS) Stock Price Up 4% - Time to Buy?

Key Points

• Nebius Group's stock price increased by 4%, reaching a last traded price of $68.81, despite a significant drop in trading volume.
• Multiple analysts have recently upgraded Nebius Group's ratings, with a consensus price target of $70.80 and a majority rating it as "Buy" or "Strong Buy."
• The company reported substantial year-over-year revenue growth of 385% but also posted a negative earnings per share of ($0.48) for the recent quarter.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) rose 4% during trading on Friday . The company traded as high as $69.20 and last traded at $68.81. Approximately 5,192,462 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 12,877,157 shares. The stock had previously closed at $66.18.

Analyst Ratings Changes

NBIS has been the topic of a number of recent research reports. BWS Financial lifted their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson boosted their price target on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat, Nebius Group presently has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Trading Up 4.2%

The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company has a market cap of $16.26 billion, a price-to-earnings ratio of -121.02 and a beta of 3.36. The business's 50-day simple moving average is $54.85 and its 200-day simple moving average is $39.57.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $55.30 million for the quarter. The company's revenue for the quarter was up 385 on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) earnings per share. Research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently modified their holdings of NBIS. Signaturefd LLC increased its position in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in Nebius Group during the second quarter worth approximately $31,000. Assetmark Inc. increased its position in Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC increased its position in Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after purchasing an additional 310 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Nebius Group during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 21.90% of the company's stock.

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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