Nebius Group (NASDAQ:NBIS) Stock Price Up 1.6% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS) rose 1.6% during mid-day trading on Friday . The stock traded as high as $224.48 and last traded at $219.65. 10,892,088 shares were traded during trading, a decline of 33% from the average daily volume of 16,377,301 shares. The stock had previously closed at $216.20.

Analysts Set New Price Targets

A number of research firms have commented on NBIS. BWS Financial increased their target price on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Bank of America upped their price target on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Wolfe Research assumed coverage on Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley lifted their price target on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Stock Performance

The stock has a fifty day moving average price of $224.81 and a two-hundred day moving average price of $148.92. The company has a market cap of $55.58 billion, a P/E ratio of 70.86 and a beta of 4.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping 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 business had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue for the quarter was up 684.0% compared to the same quarter last year. On average, equities analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Insider Activity at Nebius Group

In other news, insider Andrey Korolenko sold 500,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 685,822 shares of company stock worth $143,150,295 in the last ninety days.

Hedge Funds Weigh In On Nebius Group

Several large investors have recently bought and sold shares of NBIS. Orbis Allan Gray Ltd raised its position in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after buying an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC increased its stake in shares of Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. increased its stake in shares of Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after acquiring an additional 1,648,497 shares during the period. Morgan Stanley increased its stake in shares of Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock valued at $310,099,000 after acquiring an additional 964,984 shares during the period. Finally, Clear Street Group Inc. raised its holdings in Nebius Group by 95.0% during the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after purchasing an additional 1,710,924 shares in the last quarter. Institutional investors and hedge funds 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.