Nebius Group N.V. (NASDAQ:NBIS – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $279.80 and last traded at $271.5810, with a volume of 2035862 shares traded. The stock had previously closed at $265.10.
Key Headlines Impacting Nebius Group
Here are the key news stories impacting Nebius Group this week:
- Positive Sentiment: Nebius completed its acquisition of Eigen AI, a move that should strengthen its full-stack AI cloud platform by adding inference and model optimization capabilities to Nebius Token Factory. Nebius completes acquisition of Eigen AI
- Positive Sentiment: The company also confirmed it will join the Nasdaq-100, which can trigger buying from index funds and ETFs that track the benchmark and often supports the stock ahead of the effective date. Why Is Nebius Stock Surging On Tuesday?
- Positive Sentiment: Investor sentiment remains strong after Nebius closed the $643 million Eigen AI deal and expanded its AI infrastructure ambitions, helping fuel momentum in the shares. Nebius Closes the $643 Million Eigen AI Deal
- Neutral Sentiment: Wall Street’s view is still broadly constructive, with the stock carrying a “Moderate Buy” consensus and recent price targets near or above current trading levels. Nebius Group N.V. (NBIS) a Moderate Buy, Per Wall Street
- Neutral Sentiment: Recent commentary notes that open-source AI models are rapidly lowering barriers across the industry, which highlights the competitive backdrop for AI infrastructure providers like Nebius. Open-Source AI Models Are Eating the Frontier: Where Value Goes
- Negative Sentiment: One headwind is insider selling: a Nebius director sold shares under a pre-arranged trading plan, which can temper enthusiasm even though it was not discretionary selling. Nebius Group (NASDAQ:NBIS) Director Sells $1,472,121.48 in Stock
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on NBIS shares. Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. DA Davidson cut Nebius Group from a “buy” rating to a “neutral” rating and upped their price target for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Citizens Jmp boosted their target price on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. Morgan Stanley increased their price target on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and a consensus target price of $203.25.
Nebius Group Price Performance
The firm’s fifty day moving average price is $190.62 and its two-hundred day moving average price is $130.29. The stock has a market capitalization of $71.20 billion, a PE ratio of 91.10 and a beta of 4.03. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.
Nebius Group (NASDAQ:NBIS – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. The company had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business’s revenue was up 684.0% compared to the same quarter last year. On average, equities analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current year.
Insider Transactions at Nebius Group
In related news, CTO Danila Shtan sold 15,678 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $238.96, for a total value of $3,746,414.88. Following the transaction, the chief technology officer owned 291,700 shares of the company’s stock, valued at approximately $69,704,632. This trade represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the sale, the insider owned 585,209 shares of the company’s stock, valued at $118,937,877.16. This trade represents a 46.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 700,710 shares of company stock worth $132,153,501.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. FAS Wealth Partners Inc. purchased a new stake in Nebius Group in the 1st quarter worth approximately $284,000. Vestor Capital LLC raised its holdings in Nebius Group by 456.5% during the first quarter. Vestor Capital LLC now owns 51,066 shares of the company’s stock valued at $5,299,000 after acquiring an additional 41,890 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of Nebius Group by 50.0% in the first quarter. SOA Wealth Advisors LLC. now owns 750 shares of the company’s stock valued at $78,000 after acquiring an additional 250 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Nebius Group in the first quarter worth about $293,000. Finally, Rovida Investment Management Ltd grew its position in shares of Nebius Group by 3.6% during the first quarter. Rovida Investment Management Ltd now owns 1,893,647 shares of the company’s stock worth $196,333,000 after purchasing an additional 65,000 shares in the last quarter. 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.
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