Nebius Group (NASDAQ:NBIS) Stock Jumps 9.2% - Here's Why

Key Points

• Nebius Group shares rose 9.2% Monday to $141.45, with trading volume slightly above its average; the article does not identify a specific catalyst for the gain.
• Analyst sentiment is broadly positive: the stock carries a “Moderate Buy” consensus and an average price target of $239.56, with recent upgrades and target increases, including targets of $399 and $410.
• Quarterly results beat estimates: Nebius reported a loss of $0.12 per share versus expectations of a $0.67 loss, while revenue of $582.3 million rose 454% year over year.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price was up 9.2% on Monday. The company traded as high as $143.39 and last traded at $141.45. 18,689,473 shares were traded during mid-day trading, an increase of 2% from the average session volume of 18,346,514 shares. The stock had previously closed at $129.49.

Analyst Ratings Changes

Several equities research analysts have commented on NBIS shares. Freedom Capital upgraded Nebius Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. BNP Paribas Exane raised Nebius Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $260.00 to $399.00 in a research note on Thursday, September 24th. Northland Securities lifted their price target on shares of Nebius Group from $248.00 to $410.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. Truist Financial upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, September 10th. Finally, William Blair started coverage on shares of Nebius Group in a research report on Wednesday, September 30th. They issued an "outperform" rating for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has an average rating of "Moderate Buy" and a consensus price target of $239.56.

Nebius Group Stock Performance

The stock has a market cap of $35.79 billion, a PE ratio of -4,713.43 and a beta of 4.63. The stock has a fifty day simple moving average of $201.70 and a two-hundred day simple moving average of $177.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter last year, the firm posted $2.38 earnings per share. The business's quarterly revenue was up 454% on a year-over-year basis. Equities analysts anticipate that Nebius Group N.V. will post -3.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Nebius Group news, Director Wilson Boynton sold 333 shares of the business's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $173.07, for a total value of $57,632.31. Following the transaction, the director owned 403,189 shares in the company, valued at $69,779,920.23. The trade was a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arne Grimme acquired 148 shares of the firm's stock in a transaction on Wednesday, October 28th. The stock was purchased at an average cost of $169.84 per share, with a total value of $25,136.32. Following the completion of the transaction, the director owned 7,899 shares in the company, valued at $1,341,566.16. The trade was a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have bought 1,718 shares of company stock valued at $280,207 and have sold 158,823 shares valued at $38,168,832.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Nebius Group by 16.0% in the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company's stock worth $3,184,591,000 after buying an additional 1,593,684 shares during the last quarter. Situational Awareness LP bought a new position in Nebius Group during the 2nd quarter valued at $1,232,895,000. State Street Corp boosted its stake in Nebius Group by 16.2% during the 2nd quarter. State Street Corp now owns 4,069,875 shares of the company's stock valued at $1,123,977,000 after acquiring an additional 568,415 shares during the last quarter. Jennison Associates LLC grew its holdings in Nebius Group by 134.3% during the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company's stock worth $1,100,233,000 after acquiring an additional 2,283,676 shares in the last quarter. Finally, Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the 2nd quarter worth $1,012,097,322. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Company Profile

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.

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