Nebius Group (NASDAQ:NBIS) Trading 8.9% Higher - Here's Why

Key Points

• Nebius Group's shares surged by 8.9% on Thursday, reaching a last trading price of $125.87 after closing at $115.61, with significantly increased trading volume of nearly 26.7 million shares.
• Securities analysts are optimistic about the stock, with a majority giving it a Buy or Strong Buy rating, and target prices ranging from $75.00 to $130.00.
• The company reported a revenue of $105.10 million in its latest quarterly earnings, surpassing expectations, alongside a net margin of 99.34% despite an EPS of -$0.38.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 8.9% during mid-day trading on Thursday . The stock traded as high as $126.74 and last traded at $125.87. 26,744,896 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 13,905,662 shares. The stock had previously closed at $115.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Arete assumed 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. DA Davidson reissued a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. BWS Financial raised their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Trading Up 8.9%

The company has a market cap of $29.67 billion, a PE ratio of -220.82 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $76.49 and a 200-day simple moving average of $49.99.

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

Hedge Funds Weigh In On Nebius Group

Institutional investors have recently modified their holdings of the business. Scientech Research LLC acquired a new position in shares of Nebius Group in the first quarter worth $869,000. PFG Investments LLC acquired a new position in shares of Nebius Group during the first quarter worth $860,000. SeaCrest Wealth Management LLC acquired a new position in shares of Nebius Group during the first quarter worth $453,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nebius Group during the first quarter worth $8,519,000. Finally, Colonial River Investments LLC acquired a new position in shares of Nebius Group during the first quarter worth $330,000. Institutional investors and hedge funds 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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