Nebius Group (NASDAQ:NBIS) Stock Rated “Buy” in New Coverage at Rosenblatt Securities

Equities research analysts at Rosenblatt Securities began coverage on shares of Nebius Group (NASDAQ:NBIS) in a research report issued on Thursday, Benzinga reports. The firm set a “buy” rating and a $304.00 price target on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 28.19% from the company’s previous close.

Several other equities analysts have also commented on NBIS. William Blair started coverage on Nebius Group in a research report on Wednesday, September 30th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Truist Financial raised Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Zacks Research downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Piper Sandler began coverage on shares of Nebius Group in a research note on Monday, August 3rd. They issued a “neutral” rating and a $224.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of “Moderate Buy” and an average target price of $245.69.

Nebius Group Trading Down 5.1%

Shares of NBIS stock opened at $237.15 on Thursday. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82. Nebius Group has a fifty-two week low of $73.52 and a fifty-two week high of $299.86. The firm’s 50 day moving average price is $223.90 and its two-hundred day moving average price is $202.98. The stock has a market cap of $60.00 billion, a price-to-earnings ratio of -7,902.37 and a beta of 4.18.

Nebius Group (NASDAQ:NBIS) last issued its 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. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business had revenue of $582.30 million for the quarter, compared to the consensus estimate of $567.91 million. During the same quarter last year, the firm posted $2.38 EPS. The business’s revenue for the quarter was up 454% compared to the same quarter last year. On average, analysts anticipate that Nebius Group will post -3.48 EPS for the current year.

Insiders Place Their Bets

In other Nebius Group news, CTO Danila Shtan sold 14,546 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $234.16, for a total transaction of $3,406,091.36. Following the completion of the transaction, the chief technology officer directly owned 260,217 shares of the company’s stock, valued at $60,932,412.72. The trade was a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Marc Boroditsky sold 7,000 shares of Nebius Group stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $209.08, for a total value of $1,463,560.00. Following the sale, the executive directly owned 5,000 shares in the company, valued at approximately $1,045,400. This trade represents a 58.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 166,616 shares of company stock worth $39,753,038.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Confluence Investment Management LLC increased its position in Nebius Group by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock worth $684,000 after purchasing an additional 48 shares during the last quarter. Eastern Bank increased its stake in shares of Nebius Group by 66.3% during the 3rd quarter. Eastern Bank now owns 158 shares of the company’s stock worth $37,000 after purchasing an additional 63 shares during the last quarter. Jasper Ridge Partners L.P. lifted its stake in shares of Nebius Group by 0.5% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 16,132 shares of the company’s stock valued at $4,455,000 after purchasing an additional 74 shares during the last quarter. Ancora Advisors LLC increased its position in Nebius Group by 18.8% during the second quarter. Ancora Advisors LLC now owns 475 shares of the company’s stock worth $131,000 after buying an additional 75 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its holdings in Nebius Group by 76.0% during the second quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.