Nebius Group (NASDAQ:NBIS) Shares Up 1.3% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBISGet Free Report) shares rose 1.3% on Thursday . The company traded as high as $230.30 and last traded at $220.97. Approximately 15,182,610 shares were traded during trading, a decline of 8% from the average session volume of 16,583,781 shares. The stock had previously closed at $218.16.

Key Headlines Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NBIS shares. Cantor Fitzgerald assumed coverage on Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target on the stock. Wolfe Research assumed coverage on Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating for the company. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. BNP Paribas Exane began coverage on Nebius Group in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price on the stock. Finally, DA Davidson cut Nebius Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.15.

Check Out Our Latest Stock Report on Nebius Group

Nebius Group Stock Up 1.3%

The company has a market capitalization of $55.91 billion, a PE ratio of 71.28 and a beta of 4.10. The company’s 50 day moving average is $228.94 and its two-hundred day moving average is $155.95. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBISGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue was up 684.0% on a year-over-year basis. On average, analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Activity

In other news, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the sale, the chief technology officer directly owned 274,763 shares of the company’s stock, valued at approximately $64,692,948.35. The trade was a 5.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elena Bunina sold 10,894 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the sale, the director owned 10,772 shares in the company, valued at $2,228,403.64. This represents a 50.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 668,405 shares of company stock valued at $140,422,170.

Institutional Trading of Nebius Group

Several hedge funds have recently modified their holdings of NBIS. Orbis Allan Gray Ltd boosted its position in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after acquiring an additional 1,949,708 shares during the last quarter. Morgan Stanley increased its position in Nebius Group by 35.2% in the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after purchasing an additional 964,984 shares during the last quarter. Clear Street Group Inc. increased its position in Nebius Group by 95.0% in the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after purchasing an additional 1,710,924 shares during the last quarter. Janus Henderson Group PLC raised its stake in Nebius Group by 14.9% during the first quarter. Janus Henderson Group PLC now owns 3,221,553 shares of the company’s stock valued at $334,263,000 after purchasing an additional 416,733 shares in the last quarter. Finally, State Street Corp lifted its position in Nebius Group by 2,391.3% during the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

About Nebius Group

(Get Free Report)

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.

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