Nebius Group (NASDAQ:NBIS) Stock Price Up 5% - What's Next?

Key Points

• Nebius Group's stock increased by 5% to $113.23 on a trading volume that was 83% higher than average, indicating strong investor interest and activity.
• Analysts have expressed positive sentiment towards the company, with ratings including two "Strong Buy" and five "Buy," alongside a consensus target price of $91.20.
• The company reported earnings of ($0.38) EPS, surpassing expectations and generating revenue of $105.10 million, indicating potential growth in its operations.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price rose 5% on Wednesday . The company traded as high as $114.85 and last traded at $113.23. Approximately 25,211,965 shares were traded during trading, an increase of 83% from the average daily volume of 13,781,980 shares. The stock had previously closed at $107.80.

Analysts Set New Price Targets

NBIS has been the subject of a number of analyst reports. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 target price on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson restated a "buy" rating and set a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. Finally, Arete initiated coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Price Performance

The company has a market cap of $26.69 billion, a PE ratio of -198.65 and a beta of 3.55. 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 has a 50 day moving average of $69.45 and a 200-day moving average of $46.64.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The firm had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in Nebius Group during the 1st quarter worth about $25,000. Signaturefd LLC grew its position in Nebius Group by 125.0% during 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 stake in Nebius Group during the 2nd quarter worth about $31,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group during the 1st quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Nebius Group during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

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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