Nebius Group N.V. (NASDAQ:NBIS) Given Average Rating of "Buy" by Analysts

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have been assigned an average recommendation of "Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $80.80.

A number of equities research analysts have recently commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective for the company. 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 on the stock. BWS Financial lifted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th.

Nebius Group Stock Up 1.4%

Shares of NBIS opened at $90.41 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group has a 1 year low of $14.09 and a 1 year high of $100.51. The stock has a market capitalization of $21.31 billion, a PE ratio of -158.61 and a beta of 3.55. The company's 50-day simple moving average is $62.55 and its 200-day simple moving average is $43.34.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Analysts forecast that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Nebius Group

Institutional investors have recently made changes to their positions in the stock. Scientech Research LLC acquired a new stake in shares of Nebius Group in the first quarter worth $869,000. PFG Investments LLC bought a new stake in Nebius Group in the first quarter valued at about $860,000. SeaCrest Wealth Management LLC bought a new position in Nebius Group during the first quarter worth $453,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nebius Group in the 1st quarter worth about $8,519,000. Finally, Colonial River Investments LLC acquired a new position in Nebius Group in the first quarter valued at approximately $330,000. 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.

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