Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) shot up 43.8% during mid-day trading on Tuesday after BWS Financial raised their price target on the stock from $90.00 to $130.00. BWS Financial currently has a buy rating on the stock. Nebius Group traded as high as $97.87 and last traded at $92.09. 38,674,827 shares changed hands during mid-day trading, an increase of 202% from the average session volume of 12,805,107 shares. The stock had previously closed at $64.06.
Several other research firms have also recently weighed in on NBIS. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Arete Research raised Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. DA Davidson reissued a "buy" rating and set a $75.00 price target on shares of Nebius Group in a report on Tuesday. Finally, The Goldman Sachs Group began coverage on Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $80.80.
Check Out Our Latest Stock Report on Nebius Group
Hedge Funds Weigh In On Nebius Group
Institutional investors have recently bought and sold shares of the stock. Scientech Research LLC bought a new position in Nebius Group in the 1st quarter worth $869,000. PFG Investments LLC purchased a new stake in Nebius Group in the 1st quarter worth $860,000. SeaCrest Wealth Management LLC purchased a new stake in Nebius Group in the 1st quarter worth $453,000. DekaBank Deutsche Girozentrale purchased a new stake in Nebius Group in the 1st quarter worth $8,519,000. Finally, Colonial River Investments LLC purchased a new stake in Nebius Group in the 1st quarter worth $330,000. 21.90% of the stock is owned by institutional investors.
Nebius Group Price 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 firm has a market cap of $21.31 billion, a PE ratio of 100.21 and a beta of 3.55. The stock has a 50 day simple moving average of $62.55 and a 200-day simple moving average of $43.29.
Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analysts' expectations of $95.60 million. Equities analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.
Nebius Group Company Profile
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Get Free Report)
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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