Nebius Group N.V. (NASDAQ:NBIS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Nebius Group N.V. (NASDAQ:NBIS) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $203.25.

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their price target 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 report on Wednesday, May 20th. Citizens Jmp lifted their price objective on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Finally, BNP Paribas Exane started coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective on the stock.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $260.07 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group has a fifty-two week low of $43.89 and a fifty-two week high of $278.84. The company has a 50 day simple moving average of $187.49 and a two-hundred day simple moving average of $129.09. The company has a market capitalization of $65.80 billion, a PE ratio of 83.89 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The business’s revenue for the quarter was up 684.0% compared to the same quarter last year. Research analysts anticipate that Nebius Group will post -1.91 earnings per share for the current year.

Insiders Place Their Bets

In other Nebius Group news, CRO Marc Boroditsky sold 10,776 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the transaction, the executive directly owned 26,886 shares in the company, valued at approximately $7,425,913.20. This represents a 28.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $416,785.80. Following the sale, the chief financial officer directly owned 12,672 shares of the company’s stock, valued at approximately $3,500,006.40. This trade represents a 10.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 700,710 shares of company stock valued at $132,153,501 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NBIS. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Nebius Group by 2.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after purchasing an additional 79 shares during the period. Wealth Alliance LLC increased its stake in Nebius Group by 1.6% in the first quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after purchasing an additional 80 shares in the last quarter. Aspen Grove Capital LLC raised its holdings in shares of Nebius Group by 3.7% during the first quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock valued at $262,000 after purchasing an additional 89 shares during the period. WPG Advisers LLC raised its holdings in shares of Nebius Group by 3.6% during the first quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock valued at $290,000 after purchasing an additional 98 shares during the period. Finally, Harbor Advisors LLC boosted its position in shares of Nebius Group by 0.4% during the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after purchasing an additional 100 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., 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.