Nebius Group (NASDAQ:NBIS) Sets New 1-Year High – Time to Buy?

Shares of Nebius Group N.V. (NASDAQ:NBIS) hit a new 52-week high during trading on Tuesday . The stock traded as high as $299.86 and last traded at $283.61, with a volume of 14562977 shares. The stock had previously closed at $286.69.

Wall Street Analysts Forecast Growth

NBIS has been the topic of a number of research analyst reports. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Freedom Capital cut Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Citigroup boosted their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Citizens Jmp increased their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Stock Performance

The stock has a market capitalization of $71.76 billion, a PE ratio of 91.49 and a beta of 4.03. 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 firm’s 50 day moving average is $203.55 and its two-hundred day moving average is $135.58.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS 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 net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, research analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Transactions at Nebius Group

In related news, Director Elena Bunina sold 10,894 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total transaction of $2,253,641.78. Following the completion of the transaction, the director directly owned 10,772 shares of the company’s stock, valued at $2,228,403.64. The trade was a 50.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the sale, the executive owned 26,886 shares in the company, valued at approximately $7,425,913.20. This trade represents a 28.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 700,710 shares of company stock valued at $132,153,501 in the last 90 days.

Institutional Trading of Nebius Group

Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Nebius Group in the 1st quarter valued at $31,000. Parkside Financial Bank & Trust acquired a new stake in shares of Nebius Group in the 4th quarter valued at $25,000. SHP Wealth Management purchased a new stake in shares of Nebius Group during the 4th quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new position in shares of Nebius Group during the fourth quarter worth $26,000. Institutional investors and hedge funds 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.