Nebius Group (NASDAQ:NBIS) Trading Up 1.6% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s share price shot up 1.6% on Tuesday . The stock traded as high as $98.40 and last traded at $96.43. 6,929,942 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 12,971,438 shares. The stock had previously closed at $94.94.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citizens Jmp assumed coverage on Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price on the stock. Northland Securities lifted their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Morgan Stanley assumed coverage on Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price target for the company. Finally, Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.22.

Nebius Group Stock Up 1.6%

The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $95.35 and a two-hundred day moving average of $97.42. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of -66.05 and a beta of 4.02.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The company had revenue of $227.70 million during the quarter, compared to the consensus estimate of $246.05 million. As a group, sell-side analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Trading of Nebius Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust acquired a new stake in Nebius Group during the 4th quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Nebius Group in the fourth quarter worth $26,000. SHP Wealth Management bought a new position in Nebius Group in the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 141 shares during the last quarter. Finally, Armstrong Advisory Group Inc. grew its holdings in Nebius Group by 500.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. 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.