Nebius Group (NASDAQ:NBIS) Stock Rated Buy in New Coverage at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage set a “buy” rating and a $304.00 price target on the stock. Rosenblatt Securities’ price objective points to a potential upside of 28.19% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird increased their price objective on Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. BNP Paribas Exane upgraded shares of Nebius Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $260.00 to $399.00 in a research note on Thursday, September 24th. Truist Financial raised shares of Nebius Group to a “strong-buy” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Finally, Zacks Research downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.69.

Nebius Group Stock Performance

Shares of NBIS opened at $237.15 on Thursday. The company has a market capitalization of $60.00 billion, a PE ratio of -7,902.37 and a beta of 4.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. Nebius Group has a one year low of $73.52 and a one year high of $299.86. The company’s fifty day moving average price is $223.90 and its 200 day moving average price is $202.98.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.The company’s revenue was up 454% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 EPS. As a group, analysts expect that Nebius Group will post -3.48 earnings per share for the current year.

Insider Buying and Selling at Nebius Group

In related news, CTO Danila Shtan sold 14,546 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $234.16, for a total value of $3,406,091.36. Following the sale, the chief technology officer owned 260,217 shares of the company’s stock, valued at $60,932,412.72. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Arkadiy Volozh sold 37,778 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $234.16, for a total transaction of $8,846,096.48. Following the completion of the transaction, the chief executive officer directly owned 785,236 shares of the company’s stock, valued at $183,870,861.76. This trade represents a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 166,616 shares of company stock worth $39,753,038 in the last 90 days.

Institutional Trading of Nebius Group

Large investors have recently bought and sold shares of the stock. Allied Private Wealth LLC bought a new stake in shares of Nebius Group in the 2nd quarter worth about $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Nebius Group during the second quarter worth approximately $28,000. GoalVest Advisory LLC acquired a new position in shares of Nebius Group during the second quarter worth approximately $28,000. Wealth Enhancement Trust Services Inc. grew its stake in shares of Nebius Group by 227.1% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 109 shares during the last quarter. Finally, Eastern Bank increased its holdings in shares of Nebius Group by 66.3% in the third quarter. Eastern Bank now owns 158 shares of the company’s stock valued at $37,000 after purchasing an additional 63 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.