Nebius Group (NASDAQ:NBIS) Trading 18.8% Higher on Analyst Upgrade

Shares of Nebius Group N.V. (NASDAQ:NBIS) were up 18.8% during mid-day trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $217.62 and last traded at $216.92. 25,302,585 shares were traded during trading, an increase of 53% from the average daily volume of 16,552,365 shares. The stock had previously closed at $182.62.

A number of other research firms have also weighed in on NBIS. Bank of America raised their price objective on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Northland Securities increased their target price on Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday. Cantor Fitzgerald assumed coverage on Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target for the company. Finally, Morgan Stanley lifted their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of “Moderate Buy” and an average target price of $222.15.

Insider Buying and Selling at Nebius Group

In other news, Director Elena Bunina sold 10,894 shares of Nebius Group stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the sale, the director directly owned 10,772 shares in the company, valued at $2,228,403.64. The trade was a 50.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. The trade was a 5.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 668,405 shares of company stock worth $140,422,170.

Nebius Group News Roundup

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

• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $250 price target, adding another bullish analyst call to the stock’s recent momentum. Benzinga article
• Positive Sentiment: Northland Securities raised its price target to $410, reinforcing the view that Nebius may still have significant upside if AI infrastructure demand keeps accelerating. Northland Securities Boosts Nebius Group (NASDAQ:NBIS) Price Target to $410.00
• Positive Sentiment: Freedom Capital Markets upgraded Nebius from hold to strong-buy, which further boosted sentiment around the stock. Zacks.com article
• Positive Sentiment: Multiple reports highlighted Nvidia’s 9.3% stake in Nebius as a strong vote of confidence in the company’s AI cloud strategy, helping extend the stock’s rally. CNBC article
• Positive Sentiment: Nebius also benefited from attention on its $775 million debt facility, which supports expansion without relying as heavily on equity dilution. Zacks article
• Neutral Sentiment: One article noted the chairman sold a small block of shares, but the transaction was limited and does not appear to change the broader bullish thesis. Motley Fool article

Institutional Investors Weigh In On Nebius Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC boosted its position in shares of Nebius Group by 2.0% in the second 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 period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of 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 in the last quarter. Wealth Alliance LLC increased its stake in shares of Nebius Group by 1.6% in the first quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock worth $520,000 after purchasing an additional 80 shares in the last quarter. Aspen Grove Capital LLC raised its position in shares of Nebius Group by 3.7% during the 1st 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. Finally, Allied Private Wealth LLC bought a new stake in shares of Nebius Group during the 2nd quarter valued at $25,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Up 0.6%

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 company’s 50-day moving average price is $228.94 and its 200 day moving average price is $155.95. The stock has a market capitalization of $55.20 billion, a P/E ratio of 70.37 and a beta of 4.10.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. The company’s quarterly revenue was up 684.0% compared to the same quarter last year. As a group, equities analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

About Nebius Group

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.