Nebius Group (NASDAQ:NBIS) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Nebius Group (NASDAQ:NBIS) from a hold rating to a sell rating in a report published on Monday morning.

Several other research firms also recently issued reports on NBIS. Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 price target for the company. BWS Financial boosted their price target on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. DA Davidson restated a “buy” rating and issued a $75.00 price target on shares of Nebius Group in a research note on Tuesday, September 9th. Arete Research upgraded Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. Finally, Seaport Res Ptn upgraded 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 one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $91.20.

Nebius Group Stock Up 5.0%

NASDAQ:NBIS opened at $113.23 on Monday. The firm has a market capitalization of $26.69 billion, a price-to-earnings ratio of -198.65 and a beta of 3.55. Nebius Group has a twelve month low of $14.09 and a twelve month high of $114.85. The stock’s 50 day moving average price is $70.65 and its two-hundred day moving average price is $47.10. 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) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. Equities research analysts expect that Nebius Group will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in Nebius Group in the 2nd quarter worth about $31,000. Assetmark Inc. increased its holdings in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares in the last quarter. LRI Investments LLC increased its holdings in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Nebius Group in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

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.