DA Davidson Issues Pessimistic Forecast for Nebius Group (NASDAQ:NBIS) Stock Price

Nebius Group (NASDAQ:NBIS) had its target price lowered by equities researchers at DA Davidson from $250.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price suggests a potential downside of 6.90% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Bank of America boosted their target price on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Zacks Research cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Northland Securities boosted their price target on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Finally, Morgan Stanley lifted their price objective on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.29.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $187.97 on Friday. The business’s 50-day moving average price is $224.43 and its two-hundred day moving average price is $163.82. Nebius Group has a twelve month low of $62.01 and a twelve month high of $299.86. The stock has a market cap of $47.56 billion, a P/E ratio of 60.64 and a beta of 4.23. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, equities analysts predict that Nebius Group will post -1.57 EPS for the current fiscal year.

Insider Transactions at Nebius Group

In related news, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This trade represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 585,209 shares in the company, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 651,704 shares of company stock worth $137,422,230.

Institutional Trading of Nebius Group

Hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new position in shares of Nebius Group during the 2nd quarter worth $25,000. Parkside Financial Bank & Trust purchased a new stake in shares of Nebius Group in the fourth quarter worth $25,000. Root Financial Partners LLC bought a new position in Nebius Group in the 4th quarter worth about $26,000. SHP Wealth Management purchased a new position in shares of Nebius Group during the fourth quarter worth about $26,000. Finally, Sound Income Strategies LLC raised its stake in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. 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.