Nebius Group (NASDAQ:NBIS) Sets New 1-Year High – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $299.86 and last traded at $283.61, with a volume of 14562977 shares. The stock had previously closed at $286.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Citigroup boosted their price target on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wolfe Research initiated coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. Bank of America raised their target price on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Citizens Jmp boosted their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Stock Performance

The firm has a fifty day moving average price of $203.55 and a 200 day moving average price of $135.58. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market cap of $71.76 billion, a PE ratio of 91.49 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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% 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 Buying and Selling

In other news, CEO Arkadiy Volozh sold 33,358 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 868,289 shares in the company, valued at $90,067,617.97. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the sale, the executive owned 26,886 shares of the company’s stock, valued at $7,425,913.20. This represents a 28.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 700,710 shares of company stock worth $132,153,501 over the last ninety days.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust purchased a new position in shares of Nebius Group during the 4th quarter worth $25,000. Root Financial Partners LLC acquired a new position in Nebius Group in the fourth quarter valued at about $26,000. SHP Wealth Management acquired a new position in Nebius Group in the fourth quarter valued at about $26,000. Sound Income Strategies LLC boosted its stake in Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its stake in Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after buying 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.