Nebius Group (NASDAQ:NBIS) Stock Jumps 15.4% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s share price was up 15.4% during mid-day trading on Wednesday. The company traded as high as $160.21 and last traded at $154.69. 38,176,253 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 18,449,467 shares. The stock had previously closed at $134.00.

Key Headlines Impacting Nebius Group

Investors following NBIS have been watching these headlines:

• Positive Sentiment: CoreWeave’s blockbuster quarter renewed confidence in demand for AI computing infrastructure, lifting sentiment toward Nebius and other “neocloud” companies. Article: CoreWeave raised the bar for Nebius stock
• Neutral Sentiment: The earnings report is likely to determine whether the rebound holds. Investors will be watching compute demand, contract execution, capital spending and financing plans. Article: Nebius Q3 Preview
• Negative Sentiment: NBIS has been under pressure amid a broader neocloud selloff, and concerns about heavy investment needs and funding could weigh on the stock if results or guidance disappoint. Recent reports also show substantially more insider sales than purchases, a potential sentiment headwind. Article: Nebius Group Slides as AI Infrastructure Jitters Persist Ahead of Earnings

Analyst Ratings Changes

A number of research firms recently commented on NBIS. Robert W. Baird lifted their price target on Nebius Group from $250.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Citigroup cut their price objective on Nebius Group from $324.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. Piper Sandler reduced their target price on Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. William Blair started coverage on Nebius Group in a research report on Wednesday, September 30th. They issued an “outperform” rating for the company. Finally, BNP Paribas Exane upgraded Nebius Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $260.00 to $399.00 in a report on Thursday, September 24th. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.00.

Nebius Group Trading Up 15.4%

The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average is $198.90 and its two-hundred day moving average is $178.10. The firm has a market cap of $39.14 billion, a P/E ratio of -5,154.62 and a beta of 4.63.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the business earned $2.38 earnings per share. Nebius Group’s quarterly revenue was up 454% on a year-over-year basis. As a group, analysts expect that Nebius Group N.V. will post -3.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Arkadiy Volozh sold 37,778 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total transaction of $8,846,096.48. Following the completion of the transaction, the chief executive officer directly owned 785,236 shares of the company’s stock, valued at approximately $183,870,861.76. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrey Korolenko sold 29,090 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total value of $6,811,714.40. Following the sale, the insider owned 522,248 shares in the company, valued at $122,289,591.68. The trade was a 5.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 1,718 shares of company stock valued at $280,207 and sold 158,823 shares valued at $38,168,832.

Institutional Trading of Nebius Group

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Nebius Group by 16.0% during the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after purchasing an additional 1,593,684 shares during the period. Situational Awareness LP bought a new stake in shares of Nebius Group during the second quarter valued at approximately $1,232,895,000. State Street Corp raised its holdings in shares of Nebius Group by 16.2% during the second quarter. State Street Corp now owns 4,069,875 shares of the company’s stock valued at $1,123,977,000 after buying an additional 568,415 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Nebius Group by 134.3% during the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after buying an additional 2,283,676 shares during the period. Finally, Accel Leaders 4 Associates L.P. acquired a new position in shares of Nebius Group during the second quarter worth approximately $1,012,097,322. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company Profile

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models. The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.