Nebius Group (NASDAQ:NBIS) Trading 6.3% Higher – Still a Buy?

Nebius Group N.V. (NASDAQ:NBIS) shares shot up 6.3% during trading on Monday . The stock traded as high as $95.20 and last traded at $94.94. 9,907,462 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 13,081,152 shares. The stock had previously closed at $89.33.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. DA Davidson reaffirmed a “buy” rating and set a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. CICC Research began coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Finally, Compass Point started coverage on shares of Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.22.

Nebius Group Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08. The firm’s 50-day moving average price is $95.18 and its two-hundred day moving average price is $97.22. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of -65.02 and a beta of 4.02.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results 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 business had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%. Sell-side analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new stake in Nebius Group during the 4th quarter worth approximately $25,000. SHP Wealth Management bought a new position in shares of Nebius Group in the fourth quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Nebius Group in the 4th quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.

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.