Nebius Group (NASDAQ:NBIS) Rating Increased to Hold at Wall Street Zen

Key Points

• Nebius Group has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, reflecting a positive shift in investor sentiment.
• Analysts have set a consensus target price of $70.80 for the stock, with most ratings leaning towards "buy" or "strong buy."
• In its latest earnings report, Nebius Group reported a year-over-year revenue increase of 385%, with quarterly revenue reaching $55.30 million.

Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS - Free Report) from a sell rating to a hold rating in a report issued on Saturday.

A number of other research firms have also weighed in on NBIS. 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 objective for the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Finally, Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a hold 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 currently has an average rating of "Buy" and a consensus target price of $70.80.

Nebius Group Stock Performance

Nebius Group stock traded up $4.23 during mid-day trading on Friday, reaching $74.47. 6,514,010 shares of the company traded hands, compared to its average volume of 12,904,431. The firm's fifty day moving average is $51.21 and its two-hundred day moving average is $37.49. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of -131.10 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $75.96.

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

Institutional Trading of Nebius Group

Hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC purchased a new stake in Nebius Group during the first quarter worth $860,000. SeaCrest Wealth Management LLC purchased a new position in Nebius Group during the first quarter valued at $453,000. DekaBank Deutsche Girozentrale purchased a new position in Nebius Group during the first quarter valued at $8,519,000. Colonial River Investments LLC purchased a new position in Nebius Group during the first quarter valued at $330,000. Finally, Vontobel Holding Ltd. acquired a new stake in Nebius Group in the 1st quarter worth about $937,000. 21.90% of the stock is owned by hedge funds and other 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.