Nebius Group (NASDAQ:NBIS) Stock Price Up 11.6% – Time to Buy?

Nebius Group N.V. (NASDAQ:NBIS) rose 11.6% on Monday . The stock traded as high as $221.67 and last traded at $212.58. 28,215,016 shares were traded during trading, an increase of 64% from the average session volume of 17,208,785 shares. The stock had previously closed at $190.41.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NBIS. BNP Paribas Exane started coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price for the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Citigroup increased their price target on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Bank of America raised their price objective on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Nebius Group has a consensus rating of “Moderate Buy” and a consensus price target of $222.29.

Nebius Group Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The business’s fifty day moving average price is $225.50 and its 200-day moving average price is $160.26. The stock has a market capitalization of $53.79 billion, a price-to-earnings ratio of 68.57 and a beta of 4.10.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $375.13 million. The company’s quarterly revenue was up 684.0% compared to the same quarter last year. On average, research analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Activity

In other news, insider Andrey Korolenko sold 33,871 shares of the 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 $7,974,926.95. Following the completion of the sale, the insider directly owned 551,338 shares of the company’s stock, valued at $129,812,532.10. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Danila Shtan sold 16,937 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 owned 274,763 shares in the company, valued at $64,692,948.35. This represents a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 662,523 shares of company stock worth $139,422,230.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of NBIS. Confluence Investment Management LLC grew its stake in shares of Nebius Group by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock worth $684,000 after acquiring an additional 48 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Nebius Group by 2.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock valued at $309,000 after purchasing an additional 79 shares in the last quarter. Wealth Alliance LLC lifted its position in shares of Nebius Group by 1.6% during the first quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after purchasing an additional 80 shares in the last quarter. Aspen Grove Capital LLC boosted its holdings in Nebius Group by 3.7% during the first quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock worth $262,000 after purchasing an additional 89 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in Nebius Group during the second quarter worth about $25,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.