Nebius Group (NASDAQ:NBIS) Trading Up 5.6% - What's Next?

Key Points

• Nebius Group shares increased by 5.6%, reaching a last traded price of $74.20, despite a significant decline in trading volume to 6,514,010 shares compared to the average.
• Analysts have shown optimism, with price targets being raised; BWS Financial set a new target of $90.00 while Goldman Sachs initiated coverage with a "buy" rating and a target of $68.00.
• The company's latest earnings report showed a revenue increase of 385% year-over-year, with an EPS of ($0.48), leading analysts to anticipate a forecasted EPS of -1.1 for the current year.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) traded up 5.6% on Tuesday . The company traded as high as $75.85 and last traded at $74.20. 6,514,010 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 12,904,431 shares. The stock had previously closed at $70.24.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group began coverage on Nebius Group in a research note on Monday, July 14th. They set a "buy" rating and a $68.00 price target on the stock. BWS Financial increased their target price on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday. DA Davidson raised their price target on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Stock Up 5.1%

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 company has a fifty day simple moving average of $51.21 and a 200-day simple moving average of $37.49. The firm has a market cap of $17.40 billion, a P/E ratio of -129.46 and a beta of 3.36.

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

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased 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 purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in Nebius Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its holdings in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock worth $33,000 after acquiring an additional 304 shares in the last quarter. LRI Investments LLC boosted its position in shares of Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after acquiring an additional 310 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Nebius Group in the second quarter valued at $40,000. Institutional investors 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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