Nebius Group (NASDAQ:NBIS) Trading Up 1.7% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS)’s share price shot up 1.7% during trading on Friday . The stock traded as high as $132.98 and last traded at $127.98. 21,199,672 shares traded hands during trading, an increase of 52% from the average session volume of 13,944,548 shares. The stock had previously closed at $125.87.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NBIS. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. BWS Financial upped their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a report on Saturday, September 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and an average price target of $91.20.

Nebius Group Stock Up 1.7%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The firm has a market cap of $30.17 billion, a price-to-earnings ratio of -224.53 and a beta of 3.45. The firm has a 50-day moving average price of $79.50 and a two-hundred day moving average price of $51.53.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NBIS. GAMMA Investing LLC acquired a new position in Nebius Group during the first quarter worth approximately $80,000. Intellectus Partners LLC acquired a new position in Nebius Group during the first quarter worth approximately $570,000. SeaCrest Wealth Management LLC acquired a new position in Nebius Group during the first quarter worth approximately $453,000. TB Alternative Assets Ltd. acquired a new position in Nebius Group during the first quarter worth approximately $2,957,000. Finally, Farther Finance Advisors LLC acquired a new position in Nebius Group during the first quarter worth approximately $152,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

About Nebius Group

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.