Nebius Group's (NBIS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Nebius Group's stock received a "hold (c)" rating reaffirmed by Weiss Ratings, while other firms like BWS Financial and DA Davidson issued "buy" ratings with targets ranging from $75 to $130.
• Shares of Nebius traded down 2.3% to $132.28, with a current market cap of $31.19 billion and a P/E ratio of -232.29.
• The company reported a quarterly revenue of $105.10 million, exceeding estimates of $95.60 million, and had a return on equity of 6.14% despite posting a loss in EPS.

Nebius Group (NASDAQ:NBIS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

A number of other research firms have also commented on NBIS. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. DA Davidson reaffirmed a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Seaport Res Ptn raised Nebius Group to a "hold" rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Trading Down 2.3%

Shares of NBIS stock traded down $3.18 during mid-day trading on Tuesday, reaching $132.28. 9,552,799 shares of the stock traded hands, compared to its average volume of 14,072,030. The stock's fifty day simple moving average is $88.44 and its two-hundred day simple moving average is $55.95. Nebius Group has a 1-year low of $14.09 and a 1-year high of $141.10. The company has a market cap of $31.19 billion, a price-to-earnings ratio of -232.29 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The firm had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. On average, research analysts anticipate that Nebius Group will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Several institutional investors have recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group during the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group during the first quarter valued at approximately $96,704,000. Invesco Ltd. bought a new stake in shares of Nebius Group during the first quarter valued at approximately $73,782,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group during the first quarter valued at approximately $46,822,000. 21.90% of the stock is 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.

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