Cantor Fitzgerald Initiates Coverage on Nebius Group (NASDAQ:NBIS)

Cantor Fitzgerald started coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $129.00 price target on the stock. Cantor Fitzgerald’s price target points to a potential upside of 3.20% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup assumed coverage on shares of Nebius Group in a research note on Monday, March 16th. They issued a “buy” rating and a $169.00 price objective on the stock. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings cut shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Compass Point started coverage on shares of Nebius Group in a report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target for the company. Finally, BWS Financial raised their price target on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and an average price target of $154.75.

Nebius Group Stock Performance

Shares of NBIS opened at $125.00 on Thursday. The firm’s 50 day moving average is $101.60 and its 200-day moving average is $102.36. The stock has a market capitalization of $31.48 billion, a P/E ratio of -85.62 and a beta of 4.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57. Nebius Group has a 12-month low of $18.89 and a 12-month high of $141.10.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Nebius Group will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Arkadiy Volozh sold 33,358 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the completion of the sale, the chief executive officer directly owned 868,289 shares in the company, valued at approximately $90,067,617.97. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Danila Shtan sold 13,489 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total transaction of $1,332,443.42. Following the transaction, the chief technology officer directly owned 307,378 shares in the company, valued at approximately $30,362,798.84. The trade was a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 105,180 shares of company stock worth $10,944,256.

Hedge Funds Weigh In On Nebius Group

A number of institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd raised its position in shares of Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after purchasing an additional 1,949,708 shares during the period. Fred Alger Management LLC increased its position in Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after acquiring an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. increased its position in Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock worth $517,284,000 after acquiring an additional 1,648,497 shares during the period. Morgan Stanley increased its position in Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after acquiring an additional 964,984 shares during the period. Finally, Clear Street Group Inc. increased its position in Nebius Group by 95.0% during the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after acquiring an additional 1,710,924 shares during the period. 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.