Nebius Group (NASDAQ:NBIS) Trading 1.7% Higher - What's Next?

Key Points

• Nebius Group N.V. (NASDAQ:NBIS) shares rose by 1.7%, trading at $127.98, with 21.2 million shares exchanged, a significant increase in volume compared to its average.
• Several analysts have issued ratings on Nebius Group, with Goldman Sachs maintaining a "buy" rating and a price target of $120.00, while BWS Financial raised their target from $90.00 to $130.00.
• Nebius Group recently reported earnings of ($0.38) per share, exceeding expectations, alongside a revenue of $105.10 million for the quarter.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded up 1.7% during trading on Friday . The company traded as high as $132.98 and last traded at $127.98. 21,199,672 shares traded hands during trading, an increase of 52% from the average session volume of 13,944,548 shares. The stock had previously closed at $125.87.

Analysts Set New Price Targets

NBIS has been the topic of several recent research reports. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Arete started coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. BWS Financial raised their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Nebius Group in a research note on Saturday, September 27th. Two 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 company presently has an average rating of "Buy" and a consensus price target of $91.20.

Nebius Group Trading Up 1.7%

The firm has a market cap of $30.17 billion, a P/E ratio of -224.53 and a beta of 3.45. 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 firm has a fifty day moving average of $79.50 and a 200-day moving average of $51.37.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results 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. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Trading of Nebius Group

A number of hedge funds and other institutional investors have recently modified their holdings of NBIS. IFP Advisors Inc bought a new stake in shares of Nebius Group in the 1st quarter worth $25,000. Signaturefd LLC raised its stake in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of Nebius Group in the 2nd quarter worth $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the 1st quarter worth $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the 1st quarter worth $33,000. Institutional investors 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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