Nebius Group (NASDAQ:NBIS) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Nebius Group has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a potential shift in investor sentiment.
• Multiple analysts have issued a "buy" rating for Nebius Group, with price targets ranging from $47 to $130, reflecting strong confidence in the company's future performance.
• In its latest quarterly earnings report, Nebius Group exceeded expectations with $105.10 million in revenue, outperforming analyst predictions of $95.60 million.

Nebius Group (NASDAQ:NBIS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

A number of other research analysts have also weighed in on NBIS. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of Nebius Group in a report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price for the company. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price for the company. Finally, BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Two 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, the company has a consensus rating of "Buy" and an average price target of $80.80.

Nebius Group Trading Up 1.4%

Shares of NBIS opened at $90.41 on Friday. 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 1 year low of $14.09 and a 1 year high of $100.51. The company has a 50 day simple moving average of $62.55 and a two-hundred day simple moving average of $43.34. The firm has a market cap of $21.31 billion, a P/E ratio of -158.61 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced 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. The company had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. On average, equities analysts expect that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Nebius Group by 2.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company's stock worth $532,000 after buying an additional 231 shares during the period. Signaturefd LLC raised its stake in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock valued at $25,000 after purchasing an additional 250 shares during the last quarter. Assetmark Inc. raised its stake in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company's stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. LRI Investments LLC raised its stake in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Nebius Group by 4.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock valued at $388,000 after purchasing an additional 326 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.