Nebius Group (NASDAQ:NBIS) Trading 8% Higher - Should You Buy?

Key Points

• Nebius Group's stock price increased by 8% on Thursday, closing at $55.41 after trading as high as $56.47, with total shares traded declining by 18% from average volume.
• A recent wave of analyst upgrades has seen ratings for Nebius Group shift to predominantly buy, with one firm setting a target price as high as $84.00, contributing to an average target of $66.80.
• The company reported a significant 385% year-over-year increase in quarterly revenue, targeting earnings per share of -1.1 for the current fiscal year.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shares traded up 8% during mid-day trading on Thursday . The stock traded as high as $56.47 and last traded at $55.41. 10,320,259 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 12,639,279 shares. The stock had previously closed at $51.29.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. BWS Financial boosted their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, DA Davidson boosted their target price on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $66.80.

Nebius Group Price Performance

The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of -91.23 and a beta of 3.36. The firm's 50-day simple moving average is $48.41 and its two-hundred day simple moving average is $36.53.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million during the quarter. Nebius Group's quarterly revenue was up 385 compared to the same quarter last year. During the same period last year, the business earned ($0.25) EPS. On average, analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Trading of Nebius Group

Large investors have recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in Nebius Group in the first quarter valued at $25,000. 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 acquiring an additional 250 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the second quarter worth $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group in the first quarter worth $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group in the first quarter worth $33,000. Institutional investors and hedge funds 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.