Nebius Group (NASDAQ:NBIS) Trading 2.4% Higher - What's Next?

Key Points

• Nebius Group's shares increased by 2.4%, closing at $71.82, but saw a significant decline in trading volume, down 67% from average levels.
• A variety of analysts have recently upgraded Nebius Group's ratings, with the consensus indicating a "Buy" rating and a price target of $70.80.
• The company reported disappointing earnings with a loss of $0.44 EPS, falling short of expectations, alongside revenue of $47.60 million against a forecast of $95.60 million.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 2.4% during trading on Thursday . The company traded as high as $73.50 and last traded at $71.82. 4,165,294 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 12,762,241 shares. The stock had previously closed at $70.10.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Monday. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. DA Davidson upped their target price on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and a consensus price target of $70.80.

Nebius Group Price Performance

The stock's 50-day moving average is $56.56 and its 200 day moving average is $40.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company has a market cap of $16.83 billion, a PE ratio of -125.33 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The company had revenue of $47.60 million for the quarter, compared to the consensus estimate of $95.60 million. On average, equities analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of Nebius Group by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock worth $532,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Nebius Group by 102.0% in the second quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after buying an additional 304 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Nebius Group by 85.4% in the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after buying an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after buying an additional 326 shares during the last quarter. 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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