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

Key Points

• Nebius Group N.V. (NASDAQ:NBIS) has received a consensus rating of "Buy" from seven analysts, with an average price target of $66.80.
• The company's shares recently traded at $51.37, experiencing a 1.5% decline, and have seen a remarkable 385% year-over-year increase in revenue.
• Hedge funds have increased their positions in Nebius Group, indicating growing institutional interest, with 21.90% of the stock currently held by institutional investors.

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have received an average recommendation of "Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $66.80.

Several analysts recently issued reports on the stock. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. BWS Financial increased their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price on the stock.

Hedge Funds Weigh In On Nebius Group

Hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd bought a new position in Nebius Group during the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group in the first quarter valued at $96,704,000. Invesco Ltd. bought a new stake in Nebius Group in the first quarter valued at $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group in the first quarter valued at $46,822,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Trading Up 1.0%

Shares of NASDAQ:NBIS traded up $0.52 on Friday, reaching $51.89. 5,545,776 shares of the company's stock were exchanged, compared to its average volume of 12,687,546. The company has a fifty day moving average of $47.03 and a 200-day moving average of $35.96. Nebius Group has a twelve month low of $14.09 and a twelve month high of $58.16. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of -91.04 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $55.30 million for the quarter. During the same quarter last year, the firm posted ($0.25) EPS. The business's revenue for the quarter was up 385 on a year-over-year basis. As a group, equities research analysts forecast that Nebius Group will post -1.1 EPS for the current fiscal year.

About Nebius Group

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.