Nebius Group (NASDAQ:NBIS) Trading Up 3.5% – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price was up 3.5% during mid-day trading on Wednesday . The stock traded as high as $107.44 and last traded at $106.12. Approximately 8,362,112 shares traded hands during trading, a decline of 38% from the average daily volume of 13,436,366 shares. The stock had previously closed at $102.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NBIS shares. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Citizens Jmp started coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. BWS Financial reissued a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a report on Tuesday, February 17th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.22.

Nebius Group Price Performance

The stock has a market cap of $26.72 billion, a price-to-earnings ratio of -72.68 and a beta of 3.91. The stock’s 50 day moving average price is $93.85 and its two-hundred day moving average price is $95.82. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

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

Institutional Trading of Nebius Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new position in Nebius Group in the first quarter valued at approximately $1,628,000. Millennium Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at $11,563,000. NewEdge Advisors LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Nebius Group during the first quarter worth $9,084,000. Finally, CWM LLC grew its position in Nebius Group by 93.8% during the second quarter. CWM LLC now owns 1,221 shares of the company’s stock valued at $68,000 after buying an additional 591 shares during the period. 21.90% of the stock is owned by institutional investors and hedge funds.

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.