Nebius Group (NASDAQ:NBIS) Upgraded 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.

Nebius Group (NASDAQ:NBIS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other research firms have also weighed in on NBIS. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. BWS Financial increased their target price on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Finally, DA Davidson increased their target price on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of "Buy" and a consensus target price of $70.80.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $68.78 on Friday. The company's 50 day simple moving average is $50.52 and its 200 day simple moving average is $37.32. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $71.49. The firm has a market capitalization of $16.21 billion, a P/E ratio of -120.67 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $55.30 million for the quarter. Nebius Group's revenue for the quarter was up 385 on a year-over-year basis. During the same period last year, the company earned ($0.25) EPS. Sell-side analysts expect that Nebius Group will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Large investors have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of Nebius Group during the second quarter worth $31,000. Assetmark Inc. increased its position in shares of Nebius Group by 102.0% during the second 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 increased its position in shares of Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after acquiring an additional 310 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Nebius Group during the second quarter worth $40,000. Institutional investors 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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