Nebius Group (NASDAQ:NBIS) Shares Up 5.1% After Analyst Upgrade

Shares of Nebius Group N.V. (NASDAQ:NBIS) rose 5.1% during mid-day trading on Monday after Bank of America raised their price target on the stock from $175.00 to $205.00. Bank of America currently has a buy rating on the stock. Nebius Group traded as high as $196.46 and last traded at $186.10. Approximately 13,968,224 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 15,429,100 shares. The stock had previously closed at $177.05.

Several other equities analysts have also recently issued reports on the stock. Compass Point initiated coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target on the stock. Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wolfe Research initiated coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating on the stock. Cantor Fitzgerald initiated coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Nebius Group in a research report on Monday, March 16th. They set a “buy” rating and a $169.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.33.

Insider Activity at Nebius Group

In related news, insider Andrey Korolenko sold 31,357 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the sale, the insider owned 585,209 shares of the company’s stock, valued at $65,075,240.80. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Arkadiy Volozh sold 33,358 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the sale, the chief executive officer directly owned 868,289 shares in the company, valued at $90,067,617.97. The trade was a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,441 shares of company stock valued at $17,672,342 over the last three months.

Institutional Investors Weigh In On Nebius Group

Several hedge funds have recently bought and sold shares of NBIS. Royal Bank of Canada bought a new stake in Nebius Group during the first quarter worth about $1,628,000. Millennium Management LLC bought a new stake in Nebius Group during the first quarter worth about $11,563,000. NewEdge Advisors LLC bought a new stake in Nebius Group during the first quarter worth about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Nebius Group during the first quarter worth about $9,084,000. Finally, Daiwa Securities Group Inc. bought a new stake in Nebius Group during the second quarter worth about $68,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm’s 50 day moving average is $125.83 and its 200 day moving average is $107.25. The firm has a market cap of $47.09 billion, a P/E ratio of -127.47 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.71% and a net margin of 19.02%.The business had revenue of $227.70 million for the quarter, compared to the consensus estimate of $246.05 million. As a group, analysts anticipate that Nebius Group N.V. will post -2.44 earnings per share for the current year.

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.