Nebius Group (NASDAQ:NBIS) Shares Up 8.7% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 8.7% during mid-day trading on Monday . The stock traded as high as $263.80 and last traded at $261.15. Approximately 14,235,268 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 16,261,326 shares. The stock had previously closed at $240.30.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NBIS shares. Morgan Stanley upped their target price on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane began coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Cantor Fitzgerald started coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Trading Up 8.7%

The business has a 50 day simple moving average of $211.62 and a two-hundred day simple moving average of $140.03. 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 stock has a market cap of $66.08 billion, a price-to-earnings ratio of 84.24 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s revenue was up 684.0% compared to the same quarter last year. As a group, equities analysts anticipate that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Buying and Selling at Nebius Group

In other news, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total value of $101,620,000.00. Following the completion of the sale, the insider owned 585,209 shares in the company, valued at $118,937,877.16. The trade was a 46.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Arkadiy Volozh sold 33,358 shares of Nebius Group stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total value of $3,460,225.34. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 700,710 shares of company stock valued at $132,153,501 in the last 90 days.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently made changes to their positions in NBIS. Sound Income Strategies LLC increased its holdings in Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Caldwell Trust Co acquired a new position in Nebius Group during the 1st quarter valued at approximately $31,000. Parkside Financial Bank & Trust purchased a new position in Nebius Group during the fourth quarter valued at approximately $25,000. SHP Wealth Management acquired a new position in shares of Nebius Group during the 4th quarter worth about $26,000. Finally, Root Financial Partners LLC acquired a new position in shares of Nebius Group during the 4th quarter valued at about $26,000. 21.90% of the stock is currently owned by institutional investors.

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.