Nebius Group (NASDAQ:NBIS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nebius Group (NASDAQ:NBIS) from a sell rating to a hold rating in a report published on Tuesday.

A number of other equities analysts have also weighed in on the stock. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 target price for the company. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Arete Research upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Thursday, June 5th. BWS Financial boosted their target price on shares of Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, DA Davidson restated a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s 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 Performance

NASDAQ NBIS opened at $125.87 on Tuesday. The company has a market capitalization of $29.67 billion, a PE ratio of -220.82 and a beta of 3.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group has a 52-week low of $14.09 and a 52-week high of $126.74. The company has a 50-day simple moving average of $77.97 and a 200 day simple moving average of $50.66.

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

Institutional Trading of Nebius Group

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC grew its position in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. Assetmark Inc. grew its position in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after acquiring an additional 304 shares during the last quarter. LRI Investments LLC increased its stake in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Nebius Group by 4.9% in the second quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company’s stock valued at $388,000 after purchasing an additional 326 shares during 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.