Nebius Group (NASDAQ:NBIS) Trading 10.5% Higher - Time to Buy?

Key Points

• Nebius Group (NASDAQ:NBIS) saw a significant increase of 10.5% in its stock price, trading as high as $117.45 during the session, compared to its previous close of $106.16.
• Analyst ratings are predominantly positive, with several firms raising their price targets; BWS Financial set a target of $130, while the consensus target price is currently $91.20.
• The company reported better-than-expected quarterly earnings with a revenue of $105.10 million, surpassing analysts' expectations of $95.60 million.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 10.5% during trading on Friday . The stock traded as high as $117.45 and last traded at $117.26. 17,197,724 shares traded hands during trading, an increase of 21% from the average session volume of 14,240,501 shares. The stock had previously closed at $106.16.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BWS Financial increased their price target on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. The Goldman Sachs Group reiterated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. DA Davidson reiterated a "buy" rating and set a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. Finally, Seaport Res Ptn raised Nebius Group to a "hold" rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Up 10.5%

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 $27.64 billion, a P/E ratio of -205.72 and a beta of 3.45. The firm has a 50-day moving average price of $96.03 and a two-hundred day moving average price of $60.54.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The company had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Equities research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in Nebius Group in the third quarter worth $45,000. Grove Bank & Trust bought a new position in Nebius Group in the third quarter worth $50,000. Signaturefd LLC lifted its position in Nebius Group by 125.0% in 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 period. SOA Wealth Advisors LLC. lifted its position in Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company's stock worth $51,000 after purchasing an additional 125 shares during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in Nebius Group in the third quarter worth $62,000. 21.90% of the stock is owned by 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.

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