Nebius Group (NASDAQ:NBIS) Stock Jumps 7.6% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s stock price rose 7.6% on Friday. The company traded as high as $136.87 and last traded at $129.49. Approximately 24,403,226 shares were traded during mid-day trading, an increase of 33% from the average session volume of 18,337,148 shares. The stock had previously closed at $120.37.

Key Nebius Group News

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Some analysts see the recent decline as excessive: NBIS is described as technically oversold, while rising earnings estimates could support a rebound. One bullish analysis also argues that Nebius’s global footprint and limited U.S. exposure may reduce its vulnerability to U.S. political risks. Article: Nebius Group Loses 45.2% in 4 Weeks
• Positive Sentiment: The bull case points to strong underlying demand: a recent analysis cites 454% year-over-year revenue growth and about $40 billion in customer commitments. Wall Street forecasts also remain optimistic about potential growth, though these expectations depend on execution. Article: The Selloff Is Testing More Than Its Valuation
• Neutral Sentiment: The next earnings report, expected November 12, could help determine whether the selloff reflects temporary market fears or real problems with demand, delivery schedules and contract economics. Article: AI Cloud Crash Puts CoreWeave and Nebius on Sale
• Negative Sentiment: AI and semiconductor shares have sold off amid concerns about high interest rates, heavy data-center spending and uncertain returns. Election-related fears about tighter data-center rules have added pressure, even as the extent of any direct impact on Nebius remains uncertain. Article: AI Stocks Hammered by Midterm Shock
• Negative Sentiment: Investors are also focused on execution and funding risks, including potential delays at a planned New Jersey data center, the capital-intensive buildout and possible shareholder dilution from additional financing. Article: The Selloff Is Testing More Than Its Valuation
• Negative Sentiment: Analyst actions have added to pressure: reports cite downgrades, while Citigroup cut its price target to $265 from $324, although it maintained a Buy rating. Article: Could Nebius Actually Climb 87%?

Analyst Ratings Changes

Several research analysts recently weighed in on NBIS shares. Citigroup reduced their price objective on shares of Nebius Group from $324.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities began coverage on shares of Nebius Group in a report on Thursday, October 8th. They issued a “buy” rating and a $304.00 target price on the stock. Northland Securities increased their target price on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Weiss Ratings cut shares of Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. Finally, Robert W. Baird boosted their price target on shares of Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.56.

Nebius Group Trading Up 7.6%

The business has a 50 day moving average of $203.48 and a 200-day moving average of $177.55. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $32.76 billion, a P/E ratio of -4,314.90 and a beta of 4.63.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business’s revenue was up 454% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Analysts anticipate that Nebius Group N.V. will post -3.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Arne Grimme bought 148 shares of Nebius Group stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average cost of $169.84 per share, with a total value of $25,136.32. Following the purchase, the director owned 7,899 shares in the company, valued at approximately $1,341,566.16. This trade represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wilson Boynton sold 333 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $173.07, for a total value of $57,632.31. Following the transaction, the director owned 403,189 shares of the company’s stock, valued at approximately $69,779,920.23. This trade represents a 0.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have purchased 1,718 shares of company stock worth $280,207 and have sold 158,823 shares worth $38,168,832.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its position in Nebius Group by 30.6% during the 3rd quarter. Allworth Financial LP now owns 5,368 shares of the company’s stock worth $1,266,000 after acquiring an additional 1,257 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of Nebius Group during the 3rd quarter worth about $3,418,000. Eurizon Capital SGR S.p.A. boosted its stake in shares of Nebius Group by 148.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 109,246 shares of the company’s stock worth $25,804,000 after buying an additional 65,187 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in shares of Nebius Group in the 3rd quarter valued at about $443,000. Finally, Fifth Third Bancorp grew its holdings in shares of Nebius Group by 47.6% in the 3rd quarter. Fifth Third Bancorp now owns 3,178 shares of the company’s stock valued at $750,000 after acquiring an additional 1,025 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

About Nebius Group

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.