Nebius Group (NASDAQ:NBIS) Stock Gets Price Target Trim from Citigroup

Nebius Group (NASDAQ:NBIS) had its target price cut by Citigroup from $324.00 to $265.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on NBIS. Zacks Research upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Piper Sandler reduced their price objective on Nebius Group from $237.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Truist Financial raised Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Robert W. Baird raised their target price on Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.56.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded up $9.12 during trading on Wednesday, reaching $129.49. 24,517,387 shares of the company’s stock traded hands, compared to its average volume of 23,231,836. 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 12 month low of $73.52 and a 12 month high of $299.86. The company has a 50 day moving average of $201.70 and a 200-day moving average of $177.70. The stock has a market capitalization of $32.76 billion, a P/E ratio of -4,314.90 and a beta of 4.63.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the business earned $2.38 earnings per share. Nebius Group’s quarterly revenue was up 454% on a year-over-year basis. On average, equities analysts expect that Nebius Group will post -3.19 EPS for the current year.

Insider Buying and Selling

In related news, CRO Marc Boroditsky sold 7,000 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $211.23, for a total value of $1,478,610.00. Following the completion of the transaction, the executive owned 7,000 shares in the company, valued at $1,478,610. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wilson Boynton sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $173.07, for a total transaction of $57,632.31. Following the transaction, the director owned 403,189 shares in the company, valued at $69,779,920.23. This represents a 0.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 1,718 shares of company stock valued at $280,207 and sold 158,823 shares valued at $38,168,832.

Hedge Funds Weigh In On Nebius Group

Large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Nebius Group by 16.0% during the second 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 in the last quarter. Situational Awareness LP purchased a new stake in shares of Nebius Group during the second quarter valued at $1,232,895,000. State Street Corp lifted its holdings in shares of Nebius Group by 16.2% during the second quarter. State Street Corp now owns 4,069,875 shares of the company’s stock valued at $1,123,977,000 after purchasing an additional 568,415 shares during the last quarter. Jennison Associates LLC boosted 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 valued at $1,100,233,000 after purchasing an additional 2,283,676 shares during the period. Finally, Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group in the 2nd quarter worth about $1,012,097,322. Institutional investors own 21.90% of the company’s stock.

Key Nebius Group News

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

• Positive Sentiment: A rival neocloud reported that AI-cloud revenue nearly tripled to $200 million, with rising contract prices suggesting demand remains firm. That helped lift sentiment across the sector and supported a recovery in Nebius after Thursday’s steep decline. Article: Nebius Soars as a Rival’s AI Cloud Beat Lifts Neoclouds
• Positive Sentiment: A broader market recovery and rally in AI stocks also contributed to the rebound. Article: Nebius Stock Rises Amid Market Recovery and AI Sector Rally
• Neutral Sentiment: Investors are looking ahead to Nebius’s next earnings report, which could clarify whether the company is delivering planned capacity and converting customer commitments into revenue. Article: CoreWeave Ready to Report Q3 as AI Stocks Crumble; Nebius Also Due
• Negative Sentiment: The rebound follows a severe recent pullback. Investors remain concerned about data-center delivery delays, heavy capital requirements, financing costs and potential shareholder dilution. Political opposition to new data centers has added uncertainty around expansion plans. Article: Nebius: The Selloff Is Testing More Than Its Valuation
• Negative Sentiment: Analyst actions have also weighed on sentiment: Citi lowered its price target to $265 from $324, while keeping a Buy rating. Article: Could Nebius Actually Climb 87%? Or Is Citi Totally Wrong?

Nebius Group Company Profile

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.