Nebius Group (NASDAQ:NBIS) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Nebius Group (NASDAQ:NBIS) from a hold rating to a sell rating in a research note released on Sunday morning.

Other research analysts have also issued research reports about the stock. Northland Capmk raised shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. BWS Financial raised their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, August 8th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 price objective for the company. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective for the company. Finally, Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and an average target price of $70.80.

Nebius Group Price Performance

Shares of NBIS opened at $67.19 on Friday. Nebius Group has a 1-year low of $14.09 and a 1-year high of $75.96. The stock has a market cap of $15.84 billion, a PE ratio of -117.88 and a beta of 3.36. The firm has a 50-day simple moving average of $54.20 and a two-hundred day simple moving average of $39.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million for the quarter. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The company’s revenue for the quarter was up 385 compared to the same quarter last year. As a group, analysts forecast that Nebius Group will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in Nebius Group in the first quarter worth approximately $25,000. Signaturefd LLC lifted its stake in Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the second quarter worth approximately $31,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $33,000. Hedge funds and other 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.