Citigroup Cuts Nebius Group (NASDAQ:NBIS) Price Target to $278.00

Nebius Group (NASDAQ:NBIS) had its price target decreased by Citigroup from $287.00 to $278.00 in a research note released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Research cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Freedom Capital raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley upped their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $221.64.

Nebius Group Stock Down 1.0%

Shares of NASDAQ:NBIS opened at $187.97 on Wednesday. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $47.56 billion, a P/E ratio of 60.64 and a beta of 4.23. Nebius Group has a 52-week low of $62.01 and a 52-week high of $299.86. The stock’s fifty day simple moving average is $224.43 and its 200-day simple moving average is $163.44.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. The company’s quarterly revenue was up 684.0% on a year-over-year basis. As a group, equities research analysts forecast that Nebius Group will post -1.57 earnings per share for the current fiscal year.

Insider Activity at Nebius Group

In related news, Director Elena Bunina sold 10,894 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the sale, the director directly owned 10,772 shares of the company’s stock, valued at approximately $2,228,403.64. This trade represents a 50.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider directly owned 585,209 shares in the company, valued at $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 651,704 shares of company stock worth $137,422,230.

Hedge Funds Weigh In On Nebius Group

A number of large investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd grew its stake in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after buying an additional 1,949,708 shares during the period. BlackRock Inc. raised its position in shares of Nebius Group by 16.0% in the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock worth $3,184,591,000 after buying an additional 1,593,684 shares during the period. Jennison Associates LLC raised its position in shares of Nebius Group by 134.3% in the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after buying an additional 2,283,676 shares during the period. Morgan Stanley raised its position in shares of Nebius Group by 35.2% in the 4th quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after buying an additional 964,984 shares during the period. Finally, Clear Street Group Inc. boosted its holdings in Nebius Group by 95.0% in the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock valued at $293,943,000 after acquiring an additional 1,710,924 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Key Stories Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Citigroup assigned Nebius a new $278 price target, while the broader analyst consensus remains “Moderate Buy,” indicating that some Wall Street analysts still see substantial upside. Nebius Given New $278 Price Target at Citigroup Nebius Receives Moderate Buy Recommendation
• Positive Sentiment: Investor interest remains supported by Nebius’ AI data-center expansion and strong underlying demand. The company’s most recent quarterly results exceeded revenue and EPS expectations, although the upcoming report will be important in determining whether capacity investments are translating into profitable growth.
• Neutral Sentiment: Options-market positioning implies heightened volatility around next week’s earnings announcement. Investors are watching revenue growth, data-center deployment costs, capital spending and the pace at which new capacity generates sales. Nebius Stock and Options Market Ahead of Earnings
• Negative Sentiment: Famed investor Michael Burry disclosed a short position in Nebius, arguing that AI-related companies look overvalued and vulnerable. His comments have intensified scrutiny of Nebius’ premium valuation, debt-funded growth and data-center plans. Michael Burry Says He Is Shorting Nebius
• Negative Sentiment: Analyst downgrading and profit-taking have added to the selling pressure after the shares’ substantial advance over the past year. A Nebius director also sold approximately $1.5 million of stock, a relatively small disposal compared with his remaining holdings but another potential sentiment headwind. Nebius Shares Following Analyst Downgrade Nebius Director Stock Sale

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.