Nebius Group (NASDAQ:NBIS) Stock Rating Lowered by DA Davidson

Nebius Group (NASDAQ:NBIS) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Monday.

Several other brokerages have also recently weighed in on NBIS. BWS Financial raised their price objective on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Freedom Capital lowered shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Citizens Jmp boosted their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.75.

Nebius Group Price Performance

NBIS stock opened at $219.94 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The business has a 50-day simple moving average of $138.08 and a two-hundred day simple moving average of $110.98. The company has a market capitalization of $55.65 billion, a P/E ratio of 70.95 and a beta of 4.03. Nebius Group has a 52-week low of $34.72 and a 52-week high of $233.73.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business’s quarterly revenue was up 684.0% compared to the same quarter last year. Research analysts expect that Nebius Group will post -2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Elena Bunina sold 10,894 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the transaction, the director directly owned 10,772 shares of the company’s stock, valued at approximately $2,228,403.64. The trade was a 50.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 500,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the transaction, the insider owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. The trade was a 46.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 657,335 shares of company stock valued at $121,545,984.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada bought a new stake in shares of Nebius Group in the 1st quarter worth approximately $1,628,000. Millennium Management LLC purchased a new stake in Nebius Group in the first quarter worth $11,563,000. NewEdge Advisors LLC purchased a new stake in Nebius Group in the first quarter worth $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Nebius Group in the first quarter valued at $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Nebius Group during the 2nd quarter valued at $68,000. 21.90% of the stock is owned by institutional investors.

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.