Shares of Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) traded up 2.8% during trading on Wednesday . The stock traded as high as $203.25 and last traded at $199.51. 18,678,937 shares were traded during trading, an increase of 14% from the average daily volume of 16,368,987 shares. The stock had previously closed at $194.09.
Key Nebius Group News
Here are the key news stories impacting Nebius Group this week:
- Positive Sentiment: Nebius announced a new partner model that lets infrastructure partners deploy its full-stack AI cloud platform in their own data centers, a move that could expand global capacity and make more AI compute available to customers. Nebius introduces business model to scale AI cloud globally through infrastructure partnerships
- Positive Sentiment: Reflection AI signed a more-than-$1 billion compute deal with Nebius, which significantly adds to Nebius’s contracted backlog and reinforces demand for its AI infrastructure. AI startup Reflection signs over $1 billion computing deal with Nebius
- Positive Sentiment: Analysts and bullish commentary say the recent pullback may be overdone, arguing Nebius’s AI cloud expansion, strong backlog, and rising demand support the stock’s long-term thesis. Morgan Stanley Destroys Bear Case Against Nebius. Proves The 35% Plunge Was a Huge Mistake
- Neutral Sentiment: Some commentary highlights that Nebius is still trading at a rich valuation and remains volatile, so even with strong growth, the stock can swing sharply on changing sentiment. Read More.
- Negative Sentiment: There is also investor concern that Meta may eventually lease out excess cloud capacity, which could increase future competition for Nebius in the AI infrastructure market. Meta Cloud Threat Sparks Nebius Stock Selloff Despite $1 Billion AI Deal
Wall Street Analysts Forecast Growth
NBIS has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Citigroup upped their price objective on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and lifted their target price for the company from $200.00 to $250.00 in a research note on Monday, May 18th. Finally, Cantor Fitzgerald initiated coverage on Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.25.
Nebius Group Stock Up 2.8%
The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $50.48 billion, a PE ratio of 64.36 and a beta of 4.10. The company’s 50 day moving average is $228.19 and its two-hundred day moving average is $151.38.
Nebius Group (NASDAQ:NBIS – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue was up 684.0% on a year-over-year basis. On average, analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.
Insider Transactions at Nebius Group
In related news, CEO Arkadiy Volozh sold 46,627 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrey Korolenko sold 33,871 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $7,974,926.95. Following the transaction, the insider directly owned 551,338 shares of the company’s stock, valued at approximately $129,812,532.10. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 668,405 shares of company stock valued at $140,422,170.
Institutional Trading of Nebius Group
Large investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new stake in shares of Nebius Group during the 2nd quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Nebius Group in the second quarter valued at $28,000. GoalVest Advisory LLC purchased a new position in shares of Nebius Group in the second quarter valued at $28,000. MassMutual Private Wealth & Trust FSB increased its position in Nebius Group by 95.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 229 shares of the company’s stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.
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.
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