Nebius Group N.V. (NASDAQ:NBIS) Receives $70.80 Average Price Target from Analysts

Key Points

• Nebius Group N.V. has received an average rating of "Buy" from seven analysts, with a 12-month price target of $70.80.
• Institutional investors own 21.90% of Nebius Group's stock, with significant new positions purchased in the first quarter by multiple hedge funds.
• The company's recent earnings report showed a revenue increase of 385% year-over-year, despite reporting an earnings per share loss of ($0.48).

Shares of Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) have received an average recommendation of "Buy" from the seven brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $70.80.

A number of analysts have weighed in on the company. Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. The Goldman Sachs Group started coverage on Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target for the company. DA Davidson upped their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. BWS Financial lifted their target price on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, 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.

Nebius Group Stock Up 4.2%

NASDAQ NBIS traded up $2.80 during trading on Wednesday, reaching $68.98. 10,982,560 shares of the company's stock traded hands, compared to its average volume of 13,963,645. Nebius Group has a 12-month low of $14.09 and a 12-month high of $75.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of -121.02 and a beta of 3.36. The company's 50 day simple moving average is $55.29 and its two-hundred day simple moving average is $39.85.

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

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently bought and sold shares of the company. Orbis Allan Gray Ltd increased its position in shares of Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the 1st quarter worth $96,704,000. Invesco Ltd. grew its stake in Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock worth $198,514,000 after buying an additional 92,710 shares during the last quarter. Fred Alger Management LLC acquired a new position in Nebius Group during the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group in the first quarter valued at about $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.