Truist Financial Reaffirms Buy Rating for Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a report released on Friday, Benzinga reports. They presently have a $245.00 price objective on the stock, down from their prior price objective of $355.00. Truist Financial‘s price objective indicates a potential upside of 113.38% from the company’s current price.

A number of other research firms have also recently commented on NBIS. Northland Securities increased their price target on shares of Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Weiss Ratings cut Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. William Blair initiated coverage on Nebius Group in a research report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Zacks Research upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, BNP Paribas Exane raised Nebius Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $260.00 to $399.00 in a report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Nebius Group presently has a consensus rating of “Moderate Buy” and an average price target of $238.67.

Nebius Group Stock Performance

Shares of NBIS stock opened at $114.82 on Friday. Nebius Group has a one year low of $73.52 and a one year high of $299.86. The company’s 50-day moving average is $196.49 and its 200 day moving average is $178.58. The company has a market capitalization of $29.05 billion, a price-to-earnings ratio of -3,850.02 and a beta of 4.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $1.02. The business had revenue of $980.80 million during the quarter, compared to analyst estimates of $907.20 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. Sell-side analysts expect that Nebius Group will post -3.19 EPS for the current fiscal year.

Insider Activity at Nebius Group

In related news, CRO Marc Boroditsky sold 7,000 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $211.23, for a total transaction of $1,478,610.00. Following the transaction, the executive owned 7,000 shares in the company, valued at $1,478,610. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wilson Boynton sold 7,260 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $177.63, for a total transaction of $1,289,593.80. Following the completion of the sale, the director owned 403,522 shares in the company, valued at $71,677,612.86. This represents a 1.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have purchased 1,718 shares of company stock valued at $280,207 and have sold 103,527 shares valued at $23,457,169.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC grew its holdings in shares of Nebius Group by 2.0% in the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock worth $684,000 after acquiring an additional 48 shares during the period. Eastern Bank lifted its holdings in Nebius Group by 66.3% in the third quarter. Eastern Bank now owns 158 shares of the company’s stock valued at $37,000 after acquiring an additional 63 shares during the period. Hilton Head Capital Partners LLC lifted its holdings in Nebius Group by 56.0% in the third quarter. Hilton Head Capital Partners LLC now owns 195 shares of the company’s stock valued at $46,000 after acquiring an additional 70 shares during the period. Jasper Ridge Partners L.P. boosted its position in Nebius Group by 0.5% in the second quarter. Jasper Ridge Partners L.P. now owns 16,132 shares of the company’s stock worth $4,455,000 after purchasing an additional 74 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in Nebius Group by 18.8% in the second quarter. Ancora Advisors LLC now owns 475 shares of the company’s stock worth $131,000 after purchasing an additional 75 shares during the last quarter. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group News Summary

These are some of the NBIS news items that stood out recently:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $304 price target, signaling substantial potential upside in the analyst’s view. Rosenblatt rating
• Neutral Sentiment: Management forecast 2027 revenue of $12 billion–$13 billion, broadly around analyst expectations, but delivery depends on executing a major capacity build-out. Earnings-call highlights
• Negative Sentiment: Microsoft’s reported reassessment of neocloud contracts and greater emphasis on its own data centers presents a longer-term competitive risk for Nebius and other AI cloud providers. Microsoft and neoclouds

Nebius Group Company Profile

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models. The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.