Nebius Group (NASDAQ:NBIS) Trading Up 12.6% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s share price was up 12.6% on Wednesday . The company traded as high as $98.48 and last traded at $97.78. 12,880,907 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 13,407,658 shares. The stock had previously closed at $86.80.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley began coverage on Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price for the company. Weiss Ratings downgraded shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. DA Davidson reaffirmed a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Northland Securities raised their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $143.22.

Nebius Group Trading Up 12.6%

The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $94.92 and its two-hundred day simple moving average is $96.69. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of -66.97 and a beta of 4.02.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The business had revenue of $227.70 million for the quarter, compared to the consensus estimate of $246.05 million. Research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Nebius Group

A number of institutional investors have recently modified their holdings of NBIS. Harbor Advisors LLC raised its position in Nebius Group by 0.4% in the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock valued at $3,099,000 after buying an additional 100 shares during the last quarter. Calton & Associates Inc. boosted its holdings in Nebius Group by 2.7% during the fourth quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock worth $400,000 after purchasing an additional 124 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in Nebius Group by 38.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after buying an additional 125 shares during the last quarter. Keybank National Association OH lifted its position in Nebius Group by 5.7% during the 4th quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock worth $216,000 after buying an additional 140 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 141 shares in the last quarter. 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.