Stock Traders Buy High Volume of Nebius Group Call Options (NASDAQ:NBIS)

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) saw some unusual options trading on Monday. Stock investors purchased 83,616 call options on the stock. This represents an increase of 50% compared to the typical daily volume of 55,880 call options.

Nebius Group Stock Down 2.8%

Shares of Nebius Group stock traded down $1.49 during midday trading on Wednesday, hitting $52.04. The company's stock had a trading volume of 3,545,864 shares, compared to its average volume of 11,291,789. The firm has a market capitalization of $12.27 billion, a P/E ratio of -91.30 and a beta of 3.25. The stock has a 50-day simple moving average of $43.89 and a 200-day simple moving average of $34.66. Nebius Group has a 1-year low of $14.09 and a 1-year high of $55.75.

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

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently made changes to their positions in the business. Orbis Allan Gray Ltd acquired a new stake in Nebius Group during the first quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group during the first quarter worth about $96,704,000. Invesco Ltd. acquired a new stake in Nebius Group during the first quarter worth about $73,782,000. Fred Alger Management LLC acquired a new stake in Nebius Group during the first quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in Nebius Group during the first quarter worth about $46,822,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, DA Davidson raised their price objective on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $66.80.

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.