Nebius Group (NASDAQ:NBIS) Shares Gap Up – Still a Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) gapped up before the market opened on Thursday . The stock had previously closed at $208.37, but opened at $230.38. Nebius Group shares last traded at $220.6190, with a volume of 5,956,080 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BWS Financial boosted their target price on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Citizens Jmp boosted their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Wolfe Research assumed coverage on Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Bank of America boosted their target price on Nebius Group from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Nebius Group currently has an average rating of “Moderate Buy” and a consensus price target of $182.75.

Nebius Group Trading Up 9.0%

The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The stock has a market capitalization of $57.47 billion, a price-to-earnings ratio of 72.78 and a beta of 4.03. The business has a 50 day simple moving average of $154.40 and a 200-day simple moving average of $115.88.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. The firm’s revenue was up 684.0% on a year-over-year basis. As a group, equities analysts expect that Nebius Group N.V. will post -2.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Arkadiy Volozh sold 33,358 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the completion of the transaction, the chief executive officer directly owned 868,289 shares of the company’s stock, valued at $90,067,617.97. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total value of $101,620,000.00. Following the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 666,935 shares of company stock valued at $123,541,848 in the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NBIS. State Street Corp boosted its position in shares of Nebius Group by 2,391.3% during the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after buying an additional 3,090,103 shares during the period. Capital Research Global Investors acquired a new position in shares of Nebius Group during the fourth quarter worth about $231,635,000. Fred Alger Management LLC boosted its position in shares of Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after buying an additional 2,536,832 shares during the period. Accel Leaders 3 Associates L.P. acquired a new position in shares of Nebius Group during the fourth quarter worth about $188,496,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Nebius Group during the third quarter worth about $238,511,000. 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.