Nebius Group (NASDAQ:NBIS) Trading Up 4% - Time to Buy?

Key Points

• Nebius Group N.V. shares rose 4%, trading around $54.06, with a significant drop in trading volume to approximately 2.88 million shares compared to an average of 12.65 million.
• Analysts issued mostly positive ratings for Nebius, with a consensus average price target of $66.80 and some firms, like Arete Research, providing a "strong-buy" rating and a target of $84.00.
• The company reported a quarterly revenue of $55.30 million with a year-over-year increase of 385%, despite posting a loss of ($0.48) EPS.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) were up 4% during mid-day trading on Monday . The company traded as high as $54.11 and last traded at $54.06. Approximately 2,879,458 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 12,657,473 shares. The stock had previously closed at $52.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on NBIS. Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Arete assumed coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target for the company. DA Davidson boosted their price target on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Nebius Group presently has an average rating of "Buy" and an average price target of $66.80.

Nebius Group Price Performance

The stock has a market cap of $12.82 billion, a PE ratio of -95.29 and a beta of 3.36. The business has a fifty day moving average of $48.41 and a 200 day moving average of $36.52.

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

Hedge Funds Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group during the fourth quarter worth $9,505,000. GAMMA Investing LLC acquired a new stake in shares of Nebius Group in the first quarter valued at about $80,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group during the first quarter worth about $36,000. Intellectus Partners LLC bought a new position in Nebius Group during the first quarter worth about $570,000. Finally, SeaCrest Wealth Management LLC bought a new position in Nebius Group during the first quarter worth about $453,000. 21.90% of the stock is 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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