Nebius Group (NASDAQ:NBIS) Trading 7.6% Higher - Should You Buy?

Key Points

• Nebius Group's shares increased by 7.6% to $106.16, with trading volume up 8% compared to the average session.
• Analysts have set a consensus price target of $91.20 for Nebius Group, with ratings ranging from "Strong Buy" to "Hold" by various research firms.
• The company reported earnings of ($0.38) per share, beating estimates, with significant revenue of $105.10 million for the quarter.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded up 7.6% on Thursday . The stock traded as high as $106.62 and last traded at $106.16. 15,364,286 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 14,218,144 shares. The stock had previously closed at $98.62.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nebius Group in a report on Tuesday, October 14th. Finally, BWS Financial lifted their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Price Performance

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 business's 50 day simple moving average is $95.28 and its 200-day simple moving average is $59.95. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of -186.25 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted 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 firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Research analysts anticipate 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 made changes to their positions in NBIS. GAMMA Investing LLC bought a new stake in shares of Nebius Group during the 1st quarter worth about $80,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Nebius Group during the 1st quarter worth about $208,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Nebius Group during the 1st quarter worth about $220,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Nebius Group during the 1st quarter worth about $57,000. Finally, Perpetual Ltd bought a new stake in shares of Nebius Group during the 1st quarter worth about $362,000. 21.90% of the stock is currently 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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