Nebius Group N.V. (NASDAQ:NBIS) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Nebius Group N.V. has received a consensus recommendation of "Buy" from nine research firms, with an average price target of $91.20.
• Institutional investors have made significant acquisitions in Nebius Group, resulting in these funds owning 21.90% of the company's stock.
• The company's latest earnings report showed a revenue of $105.10 million, surpassing analyst estimates of $95.60 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) has been given a consensus recommendation of "Buy" by the nine research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $91.20.

NBIS has been the subject of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Nebius Group in a research report on Saturday, September 27th.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently made changes to their positions in NBIS. Orbis Allan Gray Ltd acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $96,704,000. Invesco Ltd. acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $46,822,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $122.00 on Thursday. The firm has a market cap of $28.76 billion, a PE ratio of -214.04 and a beta of 3.45. The firm's 50-day simple moving average is $83.70 and its 200-day simple moving average is $53.33. 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 $135.76.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results 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. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Equities analysts forecast that Nebius Group will post -1.1 earnings per share 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.

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