Nebius Group (NASDAQ:NBIS) Trading Up 5.5% - Should You Buy?

Key Points

• Nebius Group (NASDAQ:NBIS) shares surged 5.5%, reaching $99.31, with trading volume up 36% compared to the average.
• Analysts have issued a generally positive outlook, with a consensus rating of "Buy" and price targets ranging from $75 to $130.
• Despite a negative earnings per share (-$0.38) reported last quarter, revenue exceeded expectations at $105.1 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares shot up 5.5% on Friday . The company traded as high as $99.55 and last traded at $99.31. 18,531,504 shares were traded during trading, an increase of 36% from the average session volume of 13,640,700 shares. The stock had previously closed at $94.12.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NBIS shares. BWS Financial upped their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. DA Davidson reaffirmed a "buy" rating and set a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Arete initiated coverage on shares of Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Finally, Wall Street Zen downgraded shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Monday. Two research 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 stock. Based on data from MarketBeat.com, Nebius Group currently has an average rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Performance

The firm has a 50-day moving average of $68.37 and a two-hundred day moving average of $46.21. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $25.13 billion, a PE ratio of 111.58 and a beta of 3.55.

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

Institutional Trading of Nebius Group

Several large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group during the 4th quarter worth approximately $9,505,000. GAMMA Investing LLC acquired a new position in Nebius Group in the 1st quarter valued at about $80,000. Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the first quarter valued at approximately $36,000. Intellectus Partners LLC acquired a new position in shares of Nebius Group in the first quarter worth $570,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at $453,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.