Nebius Group (NASDAQ:NBIS) Shares Up 14.5% – Should You Buy?

Nebius Group N.V. (NASDAQ:NBIS)’s stock price rose 14.5% on Monday . The company traded as high as $274.80 and last traded at $264.51. Approximately 23,999,083 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 16,115,675 shares. The stock had previously closed at $231.09.

Analyst Ratings Changes

NBIS has been the subject of a number of research reports. DA Davidson lowered shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Compass Point began coverage on shares of Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 target price for the company. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citizens Jmp boosted their target price on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Finally, Bank of America boosted their target price on shares of Nebius Group from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.75.

Nebius Group Trading Up 14.5%

The stock has a 50-day simple moving average of $158.85 and a 200 day simple moving average of $117.54. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a market cap of $66.93 billion, a price-to-earnings ratio of 85.33 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The company’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, equities research analysts predict that Nebius Group N.V. will post -2.35 EPS for the current fiscal year.

Insider Buying and Selling at Nebius Group

In related news, CTO Danila Shtan sold 13,489 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $1,332,443.42. Following the transaction, the chief technology officer owned 307,378 shares in the company, valued at approximately $30,362,798.84. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrey Korolenko sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the sale, the insider directly owned 585,209 shares in the company, valued at $118,937,877.16. The trade was a 46.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 666,935 shares of company stock worth $123,541,848 in the last 90 days.

Institutional Investors Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Nebius Group by 2.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after purchasing an additional 79 shares during the period. Wealth Alliance LLC lifted its position in shares of Nebius Group by 1.6% during the 1st quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after buying an additional 80 shares in the last quarter. Aspen Grove Capital LLC lifted its position in shares of Nebius Group by 3.7% during the 1st quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock valued at $262,000 after buying an additional 89 shares in the last quarter. WPG Advisers LLC lifted its position in shares of Nebius Group by 3.6% during the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock valued at $290,000 after buying an additional 98 shares in the last quarter. Finally, Harbor Advisors LLC lifted its position in shares of Nebius Group by 0.4% during the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock valued at $3,099,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.