Nebius Group (NASDAQ:NBIS) Trading Up 11.9% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was up 11.9% on Monday . The stock traded as high as $262.89 and last traded at $260.07. Approximately 16,576,165 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 16,099,062 shares. The stock had previously closed at $232.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NBIS. DA Davidson downgraded shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their price objective for the company from $200.00 to $250.00 in a research note on Monday, May 18th. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Bank of America upped their price objective on shares of Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Trading Up 11.9%

The stock has a market capitalization of $65.80 billion, a P/E ratio of 83.89 and a beta of 4.03. The firm’s 50 day moving average price is $184.47 and its 200 day moving average price is $127.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The business’s quarterly revenue was up 684.0% compared to the same quarter last year. As a group, equities research analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Insider Activity at Nebius Group

In related news, insider Andrey Korolenko sold 500,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the transaction, the insider owned 585,209 shares in the company, valued at $118,937,877.16. The trade was a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Arkadiy Volozh sold 33,358 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the transaction, the chief executive officer owned 868,289 shares in the company, valued at $90,067,617.97. This represents a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 694,898 shares of company stock valued at $130,681,379 over the last three months.

Hedge Funds Weigh In On Nebius Group

Several hedge funds and other institutional investors have recently modified their holdings of NBIS. Parkside Financial Bank & Trust purchased a new position in shares of Nebius Group during the fourth quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in shares of Nebius Group during the fourth quarter valued at about $26,000. SHP Wealth Management purchased a new stake in Nebius Group in the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its holdings 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 period. Finally, Blue Trust Inc. grew its holdings in Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors 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.