Brokerages Set Nebius Group N.V. (NASDAQ:NBIS) Target Price at $91.20

Shares of Nebius Group N.V. (NASDAQ:NBIS) have earned an average recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $91.20.

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research report on Saturday, September 27th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. DA Davidson reissued a “buy” rating and set a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. Finally, BWS Financial raised their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th.

Hedge Funds Weigh In On Nebius Group

Several large investors have recently added to or reduced their stakes in NBIS. IFP Advisors Inc bought a new position in Nebius Group during the first quarter worth $25,000. Signaturefd LLC lifted its stake in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. SJS Investment Consulting Inc. bought a new position in Nebius Group during the second quarter worth $31,000. First Horizon Advisors Inc. bought a new position in Nebius Group during the first quarter worth $33,000. Finally, Banque Cantonale Vaudoise bought a new position in Nebius Group during the first quarter worth $33,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 4.5%

Shares of NASDAQ:NBIS opened at $135.46 on Thursday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group has a 52-week low of $14.09 and a 52-week high of $141.10. The company has a 50 day moving average of $88.44 and a two-hundred day moving average of $55.95. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of -237.65 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. As a group, analysts forecast that Nebius Group will post -1.1 earnings per share for the current fiscal year.

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.