Nebius Group (NASDAQ:NBIS) Now Covered by Analysts at Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $224.00 price target on the stock. Piper Sandler’s price objective points to a potential upside of 5.37% from the stock’s current price.

A number of other equities analysts have also recently issued reports on NBIS. Morgan Stanley upped their target price on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Nebius Group in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price target on the stock. Citigroup lifted their price target on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.29.

Nebius Group Price Performance

Nebius Group stock traded up $22.17 during mid-day trading on Monday, reaching $212.58. The company had a trading volume of 28,215,016 shares, compared to its average volume of 17,208,785. The business has a fifty day simple moving average of $225.50 and a 200 day simple moving average of $160.26. The company has a market cap of $53.79 billion, a P/E ratio of 68.57 and a beta of 4.10. Nebius Group has a fifty-two week low of $52.88 and a fifty-two week high of $299.86. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. The firm’s revenue for the quarter was up 684.0% compared to the same quarter last year. On average, equities research analysts predict that Nebius Group will post -1.91 earnings per share for the current year.

Insider Transactions at Nebius Group

In other news, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares in the company, valued at $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the transaction, the chief technology officer directly owned 274,763 shares in the company, valued at approximately $64,692,948.35. This represents a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 662,523 shares of company stock worth $139,422,230.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Nebius Group by 2,391.3% in the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after acquiring an additional 3,090,103 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Nebius Group during the fourth quarter valued at approximately $231,635,000. Jennison Associates LLC raised its position in shares of Nebius Group by 134.3% during the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares during the period. Accel Leaders 3 Associates L.P. bought a new stake in Nebius Group during the 4th quarter valued at $188,496,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Nebius Group during the third quarter valued at about $238,511,000. 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.