Nebius Group (NASDAQ:NBIS) Trading 2.3% Higher – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) shares traded up 2.3% during trading on Wednesday . The company traded as high as $205.21 and last traded at $204.09. 10,681,636 shares changed hands during trading, a decline of 40% from the average session volume of 17,922,236 shares. The stock had previously closed at $199.54.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NBIS shares. Northland Securities upped their target price on Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Piper Sandler started coverage on shares of Nebius Group in a research report on Monday, August 3rd. They set a “neutral” rating and a $224.00 price objective for the company. DA Davidson reissued a “neutral” rating and set a $175.00 target price on shares of Nebius Group in a research note on Thursday, August 13th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, August 16th. Finally, Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.00.

Nebius Group Stock Performance

The company’s 50 day moving average price is $212.86 and its 200-day moving average price is $181.46. The stock has a market cap of $53.29 billion, a P/E ratio of -7,018.66 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The company had revenue of $582.30 million during the quarter, compared to the consensus estimate of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.Nebius Group’s revenue was up 454% on a year-over-year basis. During the same period last year, the business posted $2.38 earnings per share. Equities analysts forecast that Nebius Group N.V. will post -3.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sanchez Maria Del Dado Alonso sold 470 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $196.00, for a total transaction of $92,120.00. Following the sale, the chief financial officer directly owned 12,202 shares in the company, valued at $2,391,592. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,013 shares of company stock worth $39,216,975 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NBIS. Royal Bank of Canada purchased a new stake in Nebius Group in the first quarter valued at approximately $1,628,000. Millennium Management LLC bought a new position in shares of Nebius Group in the 1st quarter worth $11,563,000. NewEdge Advisors LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at $9,084,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Nebius Group during the 2nd quarter worth $68,000. 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.