Nebius Group (NASDAQ:NBIS) Stock Price Up 4.3% – Here’s What Happened

Nebius Group N.V. (NASDAQ:NBIS) rose 4.3% during mid-day trading on Tuesday . The stock traded as high as $117.90 and last traded at $117.40. Approximately 12,121,556 shares traded hands during trading, a decline of 19% from the average daily volume of 14,961,313 shares. The stock had previously closed at $112.54.

Analyst Ratings Changes

NBIS has been the topic of several recent analyst reports. DA Davidson boosted their target price on Nebius Group from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Compass Point initiated coverage on Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price on the stock. BWS Financial boosted their target price on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Morgan Stanley initiated coverage on Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price on the stock. Finally, Citigroup started coverage on Nebius Group in a research report on Monday, March 16th. They set a “buy” rating and a $169.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nebius Group currently has an average rating of “Moderate Buy” and a consensus price target of $157.09.

Nebius Group Price Performance

The company has a 50 day moving average price of $100.72 and a 200 day moving average price of $102.08. The firm has a market cap of $29.56 billion, a PE ratio of -80.41 and a beta of 4.20. 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 announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The firm had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 EPS for the current year.

Insider Activity at Nebius Group

In related news, CEO Arkadiy Volozh sold 33,358 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total value of $3,460,225.34. Following the sale, the chief executive officer owned 868,289 shares of the company’s stock, valued at approximately $90,067,617.97. This represents a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrey Korolenko sold 26,976 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $2,664,689.28. Following the completion of the sale, the insider directly owned 616,566 shares in the company, valued at approximately $60,904,389.48. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 73,823 shares of company stock valued at $7,457,358.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creek Drive Management Group LLC purchased a new stake in Nebius Group in the 4th quarter valued at approximately $2,829,000. World Investment Advisors purchased a new stake in Nebius Group in the 4th quarter valued at approximately $816,000. Corient Private Wealth LLC lifted its stake in Nebius Group by 162.5% in the 4th quarter. Corient Private Wealth LLC now owns 7,082 shares of the company’s stock valued at $593,000 after buying an additional 4,384 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Nebius Group by 10.5% in the 4th quarter. Hsbc Holdings PLC now owns 104,657 shares of the company’s stock valued at $8,853,000 after buying an additional 9,969 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Nebius Group during the 4th quarter worth $33,000. Hedge funds and other institutional investors 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.