Nebius Group (NASDAQ:NBIS) Hits New 12-Month High – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $174.83 and last traded at $172.4220, with a volume of 6393697 shares. The stock had previously closed at $154.49.

Analyst Ratings Changes

NBIS has been the subject of a number of research analyst reports. BWS Financial increased their target price on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Weiss Ratings raised shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wolfe Research initiated coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Compass Point began 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. Finally, Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.75.

Nebius Group Price Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company’s 50-day simple moving average is $120.73 and its 200-day simple moving average is $105.88. The company has a market cap of $44.42 billion, a price-to-earnings ratio of -120.83 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The firm had revenue of $227.70 million during 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 11.71%. On average, equities research analysts anticipate that Nebius Group N.V. will post -2.44 EPS for the current year.

Insider Activity at Nebius Group

In other news, CRO Marc Boroditsky sold 4,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $160.10, for a total transaction of $720,450.00. Following the completion of the transaction, the executive directly owned 42,162 shares in the company, valued at approximately $6,750,136.20. This represents a 9.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elena Bunina sold 7,143 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $140.00, for a total value of $1,000,020.00. Following the transaction, the director owned 51,284 shares of the company’s stock, valued at approximately $7,179,760. This trade represents a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 129,740 shares of company stock worth $14,672,401.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently made changes to their positions in NBIS. Orbis Allan Gray Ltd lifted its stake in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after purchasing an additional 1,949,708 shares during the last quarter. Fred Alger Management LLC lifted its stake in Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after purchasing an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock worth $517,284,000 after purchasing an additional 1,648,497 shares during the last quarter. Morgan Stanley lifted its stake in Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after purchasing an additional 964,984 shares during the last quarter. Finally, Clear Street Group Inc. lifted its stake in Nebius Group by 95.0% during the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after purchasing an additional 1,710,924 shares during the last quarter. 21.90% of the stock is currently 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.