BWS Financial Reiterates Buy Rating for Nebius Group (NASDAQ:NBIS)

Nebius Group (NASDAQ:NBIS)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a research note issued on Tuesday,Benzinga reports. They presently have a $130.00 price target on the stock. BWS Financial’s price objective indicates a potential upside of 32.88% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley started coverage on shares of Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price target for the company. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Northland Securities raised their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Citizens Jmp started coverage on Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price on the stock. Finally, CICC Research began coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Stock Down 0.2%

Shares of NBIS stock traded down $0.18 during midday trading on Tuesday, reaching $97.83. 7,738,496 shares of the stock were exchanged, compared to its average volume of 13,568,159. Nebius Group has a 1 year low of $18.31 and a 1 year high of $141.10. The firm has a market cap of $24.63 billion, a PE ratio of -126.75 and a beta of 3.91. The company’s 50 day moving average is $92.37 and its two-hundred day moving average is $94.00. The company has a current ratio of 3.08, a quick ratio of 6.57 and a debt-to-equity ratio of 0.89.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. On average, equities research analysts predict that Nebius Group will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd lifted its holdings 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 buying an additional 1,949,708 shares during the period. Fred Alger Management LLC increased its position in Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its holdings in Nebius Group by 55.7% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after acquiring an additional 1,648,497 shares during the period. Morgan Stanley boosted 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. Finally, Invesco Ltd. grew its stake in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the period. Hedge funds and other 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.