Nebius Group (NASDAQ:NBIS) Trading Up 8.7% - What's Next?

Key Points

• Nebius Group's stock price increased by 8.7% during mid-day trading, reaching as high as $133.32, with a trading volume that surpassed the average by 27%.
• Analysts have a generally positive outlook on Nebius Group, with a majority rating it as a "Buy" and setting price targets ranging from $75.00 to $130.00.
• The company reported better-than-expected quarterly earnings, with revenue of $105.10 million, exceeding estimates of $95.60 million, indicating strong financial performance.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s stock price was up 8.7% during mid-day trading on Thursday . The company traded as high as $133.32 and last traded at $132.64. Approximately 17,814,202 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 14,023,484 shares. The stock had previously closed at $122.00.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NBIS shares. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research report on Monday, September 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research report on Saturday, September 27th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, DA Davidson restated a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Nebius Group has an average rating of "Buy" and an average target price of $91.20.

Nebius Group Stock Up 8.7%

The firm has a market cap of $31.27 billion, a price-to-earnings ratio of -232.70 and a beta of 3.45. 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 stock has a 50-day moving average of $85.27 and a 200-day moving average of $54.04.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Scientech Research LLC acquired a new stake in shares of Nebius Group in the first quarter valued at $869,000. PFG Investments LLC purchased a new stake in Nebius Group during the first quarter valued at about $860,000. DekaBank Deutsche Girozentrale purchased a new stake in Nebius Group during the first quarter valued at about $8,519,000. Colonial River Investments LLC acquired a new position in Nebius Group during the first quarter valued at $330,000. Finally, Vontobel Holding Ltd. acquired a new position in Nebius Group during the first quarter valued at $937,000. 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.

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