Nebius Group (NASDAQ:NBIS) Stock Price Up 2.4% - What's Next?

Key Points

• Nebius Group shares rose 2.4% to $237.36, with trading volume 27% below the average; the company’s market capitalization is approximately $60.05 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $241.80, although targets range from $175 to $410.
• Nebius reported quarterly revenue of $582.3 million, up 454% year over year, and beat EPS estimates; however, insiders sold approximately $43.6 million worth of shares over the past 90 days.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report)'s share price traded up 2.4% during trading on Tuesday. The company traded as high as $246.98 and last traded at $237.36. 13,002,376 shares were traded during trading, a decline of 27% from the average daily volume of 17,712,723 shares. The stock had previously closed at $231.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NBIS shares. Citigroup lifted their price target on Nebius Group from $278.00 to $324.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Northland Securities increased their price target on Nebius Group from $248.00 to $410.00 and gave the stock an "outperform" rating in a 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. Robert W. Baird upped their price target on Nebius Group from $250.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, DA Davidson restated a "neutral" rating and set a $175.00 price objective on shares of Nebius Group in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $241.80.

Nebius Group Stock Performance

The company has a 50-day moving average price of $217.53 and a two-hundred day moving average price of $197.01. The stock has a market capitalization of $60.05 billion, a P/E ratio of -7,909.03 and a beta of 4.23. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping 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 business had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the firm posted $2.38 EPS. Nebius Group's revenue was up 454% on a year-over-year basis. Equities analysts expect that Nebius Group N.V. will post -3.76 earnings per share for the current year.

Insider Buying and Selling

In other Nebius Group news, CFO Sanchez Maria Del Dado Alonso sold 470 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $196.00, for a total value of $92,120.00. Following the transaction, the chief financial officer directly owned 12,202 shares in the company, valued at $2,391,592. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Wilson Iv Boynton sold 5,296 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $270.99, for a total value of $1,435,163.04. Following the completion of the sale, the director directly owned 415,844 shares in the company, valued at approximately $112,689,565.56. The trade was a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 182,587 shares of company stock valued at $43,618,456 in the last ninety days.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of NBIS. QRG Capital Management Inc. purchased a new position in Nebius Group in the 2nd quarter worth approximately $235,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Nebius Group in the 2nd quarter worth $275,000. State Street Corp raised its position in shares of 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 buying an additional 568,415 shares in the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of Nebius Group by 138.0% during the 2nd quarter. Silicon Valley Capital Partners now owns 2,975 shares of the company's stock worth $821,000 after acquiring an additional 1,725 shares during the last quarter. Finally, IKE Capital LLC bought a new stake in shares of Nebius Group during the 2nd quarter worth $394,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.

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