Nebius Group (NASDAQ:NBIS) Shares Up 9.2% – Here’s Why

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded up 9.2% during trading on Monday. The company traded as high as $143.39 and last traded at $141.45. Approximately 18,689,473 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 18,346,514 shares. The stock had previously closed at $129.49.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings lowered Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Citigroup decreased their target price on Nebius Group from $324.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. DA Davidson reiterated a “neutral” rating and issued a $175.00 price target on shares of Nebius Group in a report on Thursday, August 13th. Rothschild & Co Redburn began coverage on Nebius Group in a report on Monday, September 21st. They issued a “sell” rating and a $84.00 price target for the company. Finally, Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.56.

Nebius Group Stock Performance

The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of -4,713.43 and a beta of 4.63. The stock has a 50 day simple moving average of $201.70 and a 200 day simple moving average of $177.70. 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 (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%. The business’s quarterly revenue was up 454% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 EPS. As a group, analysts anticipate that Nebius Group N.V. will post -3.19 earnings per share for the current fiscal year.

Insider Activity

In other Nebius Group news, Director Wilson Boynton sold 7,260 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $177.63, for a total value of $1,289,593.80. Following the sale, the director directly owned 403,522 shares in the company, valued at approximately $71,677,612.86. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 29,090 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $234.16, for a total transaction of $6,811,714.40. Following the transaction, the insider directly owned 522,248 shares of the company’s stock, valued at approximately $122,289,591.68. This trade represents a 5.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders purchased 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

Institutional Trading of Nebius Group

Large investors have recently modified their holdings of the company. Allied Private Wealth LLC acquired a new position in shares of Nebius Group in the 2nd quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Nebius Group in the 2nd quarter valued at $28,000. GoalVest Advisory LLC bought a new position in shares of Nebius Group in the 2nd quarter valued at approximately $28,000. Wealth Enhancement Trust Services Inc. raised its position in shares of Nebius Group by 227.1% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 109 shares during the period. Finally, Eastern Bank raised its position in shares of Nebius Group by 66.3% in the third quarter. Eastern Bank now owns 158 shares of the company’s stock valued at $37,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 21.90% of the company’s stock.

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.