Northland Securities Forecasts Strong Price Appreciation for Nebius Group (NASDAQ:NBIS) Stock

Nebius Group (NASDAQ:NBIS) had its price target increased by equities research analysts at Northland Securities from $248.00 to $410.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 130.71% from the company’s current price.

NBIS has been the subject of a number of other research reports. 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. Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wolfe Research began coverage on shares of Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating for the company. Citizens Jmp upped their price target on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research report on Thursday, May 14th. Finally, DA Davidson lowered shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Nebius Group has an average rating of “Moderate Buy” and a consensus price target of $219.83.

Nebius Group Price Performance

Shares of Nebius Group stock opened at $177.71 on Monday. The firm has a market capitalization of $44.96 billion, a PE ratio of 57.33 and a beta of 4.10. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group has a 12 month low of $49.00 and a 12 month high of $299.86. The business’s 50-day moving average price is $228.03 and its 200-day moving average price is $153.38.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. The company’s quarterly revenue was up 684.0% on a year-over-year basis. Sell-side analysts forecast that Nebius Group will post -1.91 EPS for the current fiscal year.

Insider Buying and Selling at Nebius Group

In other Nebius Group news, Director John Wilson Iv Boynton sold 5,812 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the completion of the sale, the director owned 378,665 shares of the company’s stock, valued at $95,912,057.85. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 821,662 shares in the company, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 668,405 shares of company stock worth $140,422,170 over the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock worth $7,848,000 after purchasing an additional 93,490 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Nebius Group during the fourth quarter valued at about $24,756,000. Nordea Investment Management AB bought a new stake in Nebius Group during the fourth quarter valued at about $1,401,000. Geode Capital Management LLC increased its position in Nebius Group by 1,095.7% in the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after buying an additional 1,875,612 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Nebius Group in the first quarter worth about $735,000. Hedge funds and other 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.