Nebius Group (NASDAQ:NBIS) Stock Price Up 5.8% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) shot up 5.8% on Tuesday . The stock traded as high as $290.60 and last traded at $276.17. Approximately 12,770,891 shares were traded during mid-day trading, a decline of 21% from the average session volume of 16,247,527 shares. The stock had previously closed at $261.15.

Analyst Ratings Changes

A number of research firms have recently weighed in on NBIS. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Morgan Stanley raised their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wolfe Research began coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Finally, DA Davidson downgraded shares of Nebius Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Nebius Group Stock Performance

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 $69.88 billion, a P/E ratio of 89.09 and a beta of 4.03. The company has a 50 day moving average price of $213.54 and a 200-day moving average price of $141.19.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data 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. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm’s quarterly revenue was up 684.0% on a year-over-year basis. On average, equities analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $3,460,225.34. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the sale, the executive directly owned 26,886 shares in the company, valued at $7,425,913.20. This trade represents a 28.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 660,245 shares of company stock valued at $128,156,368.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Nebius Group by 34,371.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after buying an additional 93,490 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in Nebius Group in the 4th quarter valued at approximately $24,756,000. Nordea Investment Management AB acquired a new stake in Nebius Group during the 4th quarter worth approximately $1,401,000. Geode Capital Management LLC boosted its position in Nebius Group by 1,095.7% during the 4th quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after buying an additional 1,875,612 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in Nebius Group during the 4th quarter worth approximately $8,111,000. Institutional investors 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.