Nebius Group Sees Unusually Large Options Volume (NASDAQ:NBIS)

Key Points

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Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) saw some unusual options trading on Thursday. Stock investors acquired 76,144 call options on the company. Thisrepresentsanincreaseofapproximately27% compared to the typical daily volume of 59,919 call options.

Nebius Group Trading Down 3.8%

NASDAQ NBIS traded down $2.09 during trading on Friday, hitting $52.34. 6,117,933 shares of the company traded hands, compared to its average volume of 12,685,533. Nebius Group has a 12 month low of $14.09 and a 12 month high of $58.16. The business has a fifty day simple moving average of $48.14 and a 200 day simple moving average of $36.43. The company has a market capitalization of $12.34 billion, a P/E ratio of -91.72 and a beta of 3.25.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $55.30 million during the quarter. During the same period in the prior year, the business posted ($0.25) EPS. Nebius Group's revenue for the quarter was up 385 compared to the same quarter last year. Equities research analysts predict that Nebius Group will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group during the 1st quarter worth $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the 1st quarter worth $96,704,000. Invesco Ltd. bought a new stake in Nebius Group during the first quarter valued at about $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at about $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 about $46,822,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Wall Street Analyst Weigh In

NBIS has been the subject of several research reports. The Goldman Sachs Group began coverage on shares of Nebius Group in a report on Monday, July 14th. They set a "buy" rating and a $68.00 price target for the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen cut Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Arete Research raised Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and an average target price of $66.80.

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.