Nebius Group (NASDAQ:NBIS) Trading 3% Higher on Analyst Upgrade

Key Points

• Nebius Group's stock price rose 3% following an upgrade from Wall Street Zen, changing its rating from sell to hold, with shares trading as high as $115.88.
• Several analysts have issued positive ratings on Nebius Group, with BWS Financial increasing its price target to $130.00 and a consensus rating of "Buy" from research analysts.
• Institutional investors have shown significant interest, with notable increases in holdings and a total of 21.90% of the company's stock owned by institutional and hedge fund investors.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price shot up 3% during trading on Wednesday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $115.88 and last traded at $115.61. 11,946,469 shares were traded during mid-day trading, a decline of 14% from the average session volume of 13,830,983 shares. The stock had previously closed at $112.27.

NBIS has been the subject of a number of other research reports. BWS Financial raised their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock 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 research note on Wednesday, September 17th. DA Davidson restated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $91.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Signaturefd LLC increased 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 valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new stake in shares of Nebius Group in the second quarter valued at approximately $31,000. Assetmark Inc. raised its stake in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after buying an additional 304 shares during the period. LRI Investments LLC lifted its position in shares of Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after buying an additional 310 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Nebius Group in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Stock Performance

The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $27.26 billion, a PE ratio of -202.82 and a beta of 3.55. The firm's fifty day moving average is $75.22 and its 200 day moving average is $49.53.

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

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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