Nebius Group (NASDAQ:NBIS) Stock Price Up 4.3% - Here's What Happened

Key Points

• Nebius Group (NASDAQ:NBIS) shares rose 4.3% to $117.40 on Tuesday, trading as high as $117.90 with about 12.12M shares changing hands (roughly 19% below average volume).
• Analysts have a “Moderate Buy” consensus with an average target of $157.09, with multiple firms issuing Buy ratings and DA Davidson boosting its target to $200.
• The company missed quarterly estimates (EPS $(0.69) vs $(0.42) expected; revenue $227.7M vs $246.05M), and insiders sold roughly 73,823 shares (~$7.46M) in the last quarter, including sales by the CEO and CTO.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price rose 4.3% on Tuesday . The stock traded as high as $117.90 and last traded at $117.40. Approximately 12,121,556 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 14,961,313 shares. The stock had previously closed at $112.54.

Wall Street Analyst Weigh In

NBIS has been the subject of several research reports. Compass Point initiated coverage on Nebius Group in a report on Wednesday, February 18th. They issued a "buy" rating and a $150.00 target price for the company. Citigroup initiated coverage on Nebius Group in a report on Monday, March 16th. They issued a "buy" rating and a $169.00 target price for the company. Bank of America initiated coverage on Nebius Group in a report on Tuesday, March 24th. They issued a "buy" rating and a $150.00 target price for the company. Weiss Ratings downgraded Nebius Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, January 15th. Finally, DA Davidson boosted their target price on Nebius Group from $150.00 to $200.00 and gave the company a "buy" rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.09.

Nebius Group Price Performance

The stock has a market cap of $29.56 billion, a price-to-earnings ratio of -80.41 and a beta of 4.20. The company has a 50-day moving average of $100.72 and a 200-day moving average of $102.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The company had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. As a group, equities research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Insider Activity at Nebius Group

In related news, CEO Arkadiy Volozh sold 33,358 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total value of $3,460,225.34. Following the transaction, the chief executive officer owned 868,289 shares in the company, valued at $90,067,617.97. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Danila Shtan sold 13,489 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $1,332,443.42. Following the completion of the transaction, the chief technology officer owned 307,378 shares in the company, valued at $30,362,798.84. This trade represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,823 shares of company stock worth $7,457,358 in the last quarter.

Hedge Funds Weigh In On Nebius Group

Several institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust acquired a new position in Nebius Group during the 4th quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in Nebius Group during the 4th quarter worth approximately $26,000. SHP Wealth Management acquired a new position in Nebius Group during the 4th quarter worth approximately $26,000. Blue Trust Inc. increased its position in Nebius Group by 73.8% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $28,000 after purchasing an additional 141 shares during the period. Finally, Armstrong Advisory Group Inc. increased its position in Nebius Group by 500.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. 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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